This report provides a comprehensive analysis of AGL Energy Ltd's non-current asset valuation, focusing on the application of accounting standards (IFRS/AASB) as demonstrated in its annual report. The report begins with an overview of AGL Energy, its industry, and its operations. It then delves into a literature review discussing the key issues related to the valuation of non-current assets. The core of the report involves a critical examination of the valuation, depreciation, and impairment of Property, Plant, and Equipment (PPE) and Intangible assets within AGL Energy, utilizing trend analysis to identify patterns and changes over time. The analysis considers relevant accounting standards and their impact on the company's financial statements. The report explores the company's corporate governance structure, its approach to depreciation and amortization, and the specific methods used for valuing assets, including goodwill and other intangible assets. The report references the annual report to illustrate the practical application of these accounting principles and concludes with a summary of the key findings and their implications for AGL Energy's financial reporting and performance. The report highlights the application of relevant AASB and IFRS standards in the context of the company's financial reporting practices.