CTHRepealedLegislation
AASB 123 - Borrowing Costs - June 2007
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Scope
2 An entity shall apply this Standard in accounting for borrowing costs.
3 The Standard does not deal with the actual or imputed cost of equity, including preferred capital not classified as a liability.
4 An entity is not required to apply the Standard to borrowing costs directly attributable to the acquisition, construction or production of:
(a) a qualifying asset measured at fair value, for example a biological asset within the scope of AASB 141 Agriculture; or
(b) inventories that are manufactured, or otherwise produced, in large quantities on a repetitive basis.