Land/Improvements – Gross (SF.BS.LandImprovementsGross)
Land/Improvements – Gross (SF.BS.LandImprovementsGross) refers to land and improvements on land at acquisition cost. Land is not depreciated, but land improvements are normally depreciated over time.
Land/Improvements – Gross (SF.BS.LandImprovementsGross) includes:
- Improvements in land (subject to depreciation)
Land/Improvements – Gross (SF.BS.LandImprovementsGross) does not include:
- Land with natural resources in coal and oil companies (classified as Natural Resources – Gross (SF.BS.NaturalResourcesGross) or Land/Improvement – Gross (SF.BS.LandImprovementsGross), depending on company reporting)
- Proved or unproved properties in oil and other mining companies (classified as Natural Resources – Gross (SF.BS.NaturalResourcesGross))
- Power plant/distribution establishment in utility companies (classified as Utility Plant – Gross (SF.BS.UtilityPlantGross))
- Property held for future development or for sale in real estate rental companies (classified as Inventories – Other (SF.BS.Inventories_Other) or Other Properties/Plant/Equipment – Gross (SF.BS.OtherPPEGross) when reported as a part of tangible fixed assets)
- Property/land held for sale in construction and homebuilding companies (classified as Inventories – Finished Goods (SF.BS.Inventories_FinishedGoods) when reported other than as a part of tangible fixed assets, or Other Properties/Plant/Equipment – Gross (SF.BS.OtherPPEGross) when reported as a part of tangible fixed assets)
- Leasehold improvements on properties held under finance (capital) or operating lease contracts (classified as Other Properties/Plant/Equipment – Gross (SF.BS.OtherPPEGross))
- Tenant improvements introduced by lessees in properties that the company leased out under operating lease contracts (classified as Building – Gross (SF.BS.BuildingsGross))
- Properties leased out/rented out under lease contracts (classified as Leases – Gross (SF.BS.LeasesGross))
- Real estate held for investments in real estate companies (classified as LT Investments – Other (SF.BS.LTInvestments_Other) or Other Properties/Plant/Equipment – Gross (SF.BS.OtherPPEGross) when reported as a part of tangible fixed assets)
- Property (after being used by the company) for sale when reported other than as a part of tangible fixed assets (classified as Other Long-Term Assets (SF.BS.OtherLongTermAssets). May be classified as Discontinued Operations – LT Asset (SF.BS.DiscontinuedOperations_LTAsset) when assets of the company are not delineated between current and non-current, or Other Properties/Plant/Equipment – Gross (SF.BS.OtherPPEGross) when reported as a part of tangible fixed assets)
- Assets classified as discontinued operations (classified as Discontinued Operations – LT Asset (SF.BS.DiscontinuedOperations_LTAsset))