IAS 23 International Accounting Standard 23
仓鼠的英文Borrowing Costs
This version was issued in March 2007 with an effective date of 1 January 2009. It includes amendments resulting from IFRSs issued up to 31 December 2009.
IAS 23 Borrowing Costs was issued by the International Accounting Standards Committee in December 1993. It replaced IAS 23 Capitalisation of Borrowing Costs (issued March 1984).
In April 2001 the International Accounting Standards Board resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn.
bellyIAS 23 was amended by IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (issued December 2003).
In March 2007 the IASB issued a revid IAS 23.
Since then, IAS 23 and its accompanying documents have been amended by Improvements to IFRSs (issued May 2008).*
The following Interpretations refer to IAS 23:
•IFRIC1Changes in Existing Decommissioning, Restoration and Similar Liabilities (issued May 2004 and subquently amended)
•IFRIC12Service Concession Arrangements
(issued November 2006 and subquently amended).
three brother*effective date 1 January 2009
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IAS 23
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C ONTENTS
paragraphs INTERNATIONAL ACCOUNTING STANDARD 23BORROWING COSTS
CORE PRINCIPLE
1SCOPE
2–4DEFINITIONS
5–7RECOGNITION
8–25Borrowing costs eligible for capitalisation
10–15Excess of the carrying amount of the qualifying ast over recoverable amount
16Commencement of capitalisation
17–19Suspension of capitalisation
20–21Cessation of capitalisation
22–25DISCLOSURE
26TRANSITIONAL PROVISIONS
27–28EFFECTIVE DATE
29–29A WITHDRAWAL OF IAS 23 (REVISED 1993)
30
APPENDIX
Amendments to other pronouncements APPROVAL BY THE BOARD OF IAS 23 ISSUED IN MARCH 2007
BASIS FOR CONCLUSIONS
APPENDIX
stockholmsyndrome
Amendments to Basis for Conclusions on other pronouncements
DISSENTING OPINIONS
葡语国家AMENDMENTS TO GUIDANCE ON OTHER PRONOUNCEMENTS
TABLE OF CONCORDANCE FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
IAS 23 International Accounting Standard 23 Borrowing Costs(IAS 23) is t out in paragraphs1–30 and the Appendix. All of the paragraphs have equal authority but retain the IASC format of the Standard when it was adopted by the IASB. IAS 23 should be read in the context of its core principle and the Basis for Conclusions, the Preface to International Financial Reporting Standards and the Framework or the Preparation and Prentation of Financial Statements. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for lecting and applying accounting policies in the abnce of explicit guidance.
This revid Standard was issued in March 2007. It superdes IAS 23, revid in 1993. The text of the revid Standard, marked to show changes from the previous version, is available from the IASB’s Subscriber Website at www.iasb for a limited period.
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IAS 23
International Accounting Standard 23
Borrowing Costs
Core principle
1Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying ast form part of the cost of that ast. Other borrowing costs are recognid as an expen.
Scope
2An entity shall apply this Standard in accounting for borrowing costs.
3The Standard does not deal with the actual or imputed cost of equity, including preferred capital not classified as a liability.
4An entity is not required to apply the Standard to borrowing costs directly attributable to the acquisition, construction or production of:
(a) a qualifying ast measured at fair value, for example a biological ast; or
(b)inventories that are manufactured, or otherwi produced, in large
quantities on a repetitive basis.
Definitions
5This Standard us the following terms with the meanings specified: Borrowing costs are interest and other costs that an entity incurs in connection with the borrowing of funds.
A qualifying ast is an ast that necessarily takes a substantial period of time to
get ready for its intended u or sale.
6Borrowing costs may include:
(a)interest expen calculated using the effective interest method as described
in IAS 39 Financial Instruments: Recognition and Measurement;
(b)[deleted]
(c)[deleted]
(d)finance charges in respect of finance leas recognid in accordance with
IAS 17 Leas; and
襄理(e)exchange differences arising from foreign currency borrowings to the
extent that they are regarded as an adjustment to interest costs.
7Depending on the circumstances, any of the following may be qualifying asts:
(a)inventories
(b)manufacturing plants
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数学资料(c)power generation facilities
(d)intangible asts
(e)investment properties.
Financial asts, and inventories that are manufactured, or otherwi produced, over a short period
of time, are not qualifying asts. Asts that are ready for their intended u or sale when acquired are not qualifying asts. Recognition
8An entity shall capitali borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying ast as part of the cost of that ast. An entity shall recogni other borrowing costs as an expen in the period in which it incurs them.
9Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying ast are included in the cost of that ast. Such borrowing costs are capitalid as part of the cost of the ast when it is probable that they will result in future economic benefits to the entity and the costs can be measured reliably. When an entity applies IAS 29 Financial Reporting in Hyperinflationary Economies, it recognis as an expen the part of borrowing costs that compensates for inflation during the same period in accordance with paragraph 21 of that Standard.
Borrowing costs eligible for capitalisation
10The borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying ast are tho borrowing costs that would have been avoided if the expenditure on the qualifying ast had not been made.
When an entity borrows funds specifically for the purpo of obtaining a particular qualifying ast, the borrowing costs that directly relate to that qualifying ast can be readily identified.even
11It may be difficult to identify a direct relationship between particular borrowings and a qualifying ast and to determine the borrowings that could otherwi have been avoided. Such a difficulty occurs, for example, when the financing activity of an entity is co-ordinated centrally. Difficulties also ari when a group us a range of debt instruments to borrow funds at varying rates of interest, and lends tho funds on various bas to other entities in the group. Other complications ari through the u of loans denominated in or linked to foreign currencies, when the group operates in highly inflationary economies, and from fluctuations in exchange rates. As a result, the determination of the amount of borrowing costs that are directly attributable to the acquisition of a qualifying ast is difficult and the exerci of judgement is required.
12To the extent that an entity borrows funds specifically for the purpo of obtaining a qualifying ast, the entity shall determine the amount of borrowing costs eligible for capitalisation as the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of tho borrowings.
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13The financing arrangements for a qualifying ast may result in an entity obtaining borrowed funds and incurring associated borrowing costs before some or all of the funds are ud for expenditures on the qualifying ast. In such circumstances, the funds are often temporarily invested pending their expenditure on the qualifying ast. In determining the amount of borrowing costs eligible for capitalisation during a period, any investment income earned on such funds is deducted from the borrowing costs incurred.
14To the extent that an entity borrows funds generally and us them for the purpo of obtaining a qualifying ast, the entity shall determine the amount of borrowing costs eligible for capitalisation by applying a capitalisation rate to the expenditures on that ast. The capitalisation rate shall be the weighted average of the borrowing costs applicable to the borrowings of the entity that are outstanding during the period, other than borrowings made specifically for the purpo of obtaining a qualifying ast. The amount of borrowing costs that an entity capitalis during a period shall not exceed the amount of borrowing costs it incurred during that period.
15In some circumstances, it is appropriate to include all borrowings of the parent and its subsidiaries when computing a weighted average of the borrowing costs;
in other circumstances, it is appropriate for each subsidiary to u a weighted average of the borrowing costs applicable to its own borrowings.
Excess of the carrying amount of the qualifying ast over
recoverable amount
16When the carrying amount or the expected ultimate cost of the qualifying ast exceeds its recoverable amount or net realisable value, the carrying amount is written down or written off in accordance with the requirements of other Standards. In certain circumstances, the amount of the write-down or write-off is written back in accordance with tho other Standards.
Commencement of capitalisation
17An entity shall begin capitalising borrowing costs as part of the cost of a qualifying ast on the commencement date. The commencement date for capitalisation is the date when the entity first meets all of the following conditions:
say(a)it incurs expenditures for the ast;
(b)it incurs borrowing costs; and
(c)it undertak es activities that are necessary to prepare the ast for its
intended u or sale.后天下载
18Expenditures on a qualifying ast include only tho expenditures that have resulted in payments of cash, transfers of other asts or the assumption of interest-bearing liabilities. Expenditures are reduced by any progress payments received and grants received in connection with the ast (e IAS 20 Accounting for A578© IASCF
