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Financial Reporting Standard 123200
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Contents
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paragraphs
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Financial Reporting Standard 1232004
Borrowing Costs
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OBJECTIVE
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SCOPE
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1 - 2
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DEFINITIONS
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3 - 5
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BORROWING COSTS – BENCHMARK TREATMENT
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6 - 8
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Recognition
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6 - 7
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Disclosure
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8
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BORROWING COSTS – ALLOWED ALTERNATIVE TREATMENT
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9 - 29
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Recognition
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9 - 28
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Borrowing Costs Eligible for Capitalisation
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13 - 18
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Excess of the Carrying Amount of the Qualifying
Asset over Recoverable Amount
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19
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Commencement of Capitalisation
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20 - 22
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Suspension of Capitalisation
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23 - 24
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Cessation of Capitalisation
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25 - 28
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Disclosure
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29
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TRANSITIONAL PROVISIONS
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30 - 33
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EFFECTIVE DATE
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34
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APPENDIX
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1. Compliance with International Accounting Standards
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Financial Reporting Standard 1232004 Borrowing Costs (FRS 1232004) is set out in paragraphs 1-34. All the paragraphs have equal authority. FRS 1232004 should be read in the context of its objective, the Foreword to Financial Reporting Standards and the Proposed Framework for the Preparation and Presentation of Financial Statements. FRS 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.
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