Sample Disclosure – Note On Property Development Costs (13 February 2009)

PROPERTY DEVELOPMENT COSTS


2008

RM

2007

RM

Land – at cost

x,xxx,xxx

x,xxx,xxx

Add : Incidental costs

xxx,xxx

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

Cumulative land cost recognised as an expense in income

Statement

(x,xxx,xxx)

(x,xxx,xxx)

x,xxx,xxx

x,xxx,xxx

Add : Development costs
Balance at beginning of year

x,xxx,xxx

x,xxx,xxx

Additions during the financial year

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

Less: Cumulative development costs recognised as an

expense in income statement

(x,xxx,xxx)

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

Less: Transfer to closing inventories (Note x)

(x,xxx,xxx)

x,xxx,xxx

x,xxx,xxx

x,xxx,xxx

Included in development cost is the interest charged as follows:

2008

RM

2007

RM

Balance at beginning of year

x,xxx,xxx

x,xxx,xxx

Amount included in additions during the year

xxx,xxx

xxx,xxx

Balance at end of year

x,xxx,xxx

x,xxx,xxx

One thought on “Sample Disclosure – Note On Property Development Costs (13 February 2009)”

Leave a Reply

Your email address will not be published. Required fields are marked *