(18)Items recognised in annual financial statements should be measured on the basis of the principle of purchase price or production cost to ensure the reliability of information contained in financial statements. However, Member States should be allowed to permit or require undertakings to revalue fixed assets in order that more relevant information may be provided to the users of financial statements.
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New version applies from 11/12/2014 — introduced by Council Directive 2014/102/EU.
60 provisions change.
Later versions: 21/12/2021, 05/01/2023, 09/01/2024, 28/05/2024, 18/03/2026, 30/01/2027.
Recital 18 changes in this version: compare with the current text.