Infrastructure Assets


The project objective is to research and identify issues preparers have when applying IPSAS 17 to infrastructure assets. Informed by this research the aim is to provide additional guidance on accounting for infrastructure assets.



  • Marc Wermuth (Chair)
  • Francesco Capalbo
  • Demi Chung
  • John Howard
  • Leonardo Nascimento
  • Chris Nyong
  • Stefan Resch

Project Stages

Board Papers
CAG Papers
Board Minutes


The IPSASB decided that infrastructure assets are a subset of property, plant and equipment and considered the characteristics which differentiate them. The IPSASB will agree the infrastructure assets characteristics after analyzing the remaining issues. The IPSASB also considered the issues of depreciation, spare parts and dismantling costs. The IPSASB will continue these discussions at its June meeting.


The IPSASB agreed “networks or systems” and “long useful lives” should be included as characteristics of Infrastructure Assets in IPSAS 17, Property, Plant and Equipment. These characteristics distinguish Infrastructure Assets from general property, plant, and equipment and present complexities in the application and implementation of existing principles in the Standard. Illustrative Examples and/or Implementation Guidance will be developed for September 2020 to help provide clarity.


 The IPSASB completed its review of issues identified by constituents when accounting for heritage and infrastructure assets. The IPSASB agreed the proposed authoritative guidance, implementation guidance and illustrative examples would support constituents in applying the Property, Plant and Equipment principles to infrastructure and heritage items in practice. 

The IPSASB will consider the proposed guidance in its entirety at its December 2020 meeting as part of its review of ED 78. 


The IPSASB voted to preliminary approve ED 78, Property, Plant, and Equipment, which will replace the requirements in IPSAS 17, Property, Plant, and Equipment. ED 78 updates the accounting principles drawn from IPSAS 17 and proposes additional guidance related to the Infrastructure project by introducing clarifications related to the accounting for infrastructure assets


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