Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
2 thoughts on “Sample Disclosure – Borrowing Costs (30 November 2008)”
Hi there, I found your blog by means of Google while looking for a
similar matter, your website came up, it appears good. I have bookmarked it in my
Hi there, just changed into aware of your weblog thru Google, and found that it is
truly informative. I’m going to watch out for brussels. I’ll appreciate in the event you proceed this in future.
A lot of people will likely be benefited out of your writing.