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Non-current assets
Borrowing costs
3.1 Summary of recognition and measurement
As per IAS 23 Borrowing Costs:
BORROWING
COSTS
Qualifying Capitalise if Begin capitalisation
asset directly when
= expenditure,
one that takes attributable to
borrowing costs and
substantial time qualifying activities have begun
to get ready asset
If using
general Suspend
borrowings capitalisation
calculate the if development
weighted is interrupted
average rate
Cease
capitalisation
when asset
substantially
ready for use
or sale
Further detail can be found in Section 3 of Chapter 5 in your Study Text.
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