doc__table__2222

| 18 | If an active market does not exist, an entity uses one or more of the following, when available, in determining fair value: (a) the most recent market transaction price, provided that there has not been a significant change in economic circumstances between the date of that transaction and the balance sheet date; (b) market prices for similar assets with adjustment to reflect differences; and (c) sector benchmarks such as the value of an orchard expressed per export tray, bushel, or hectare, and the value of cattle expressed per kilogram of meat.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.