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Tuesday 21 October 2014

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Disclosure of carrying amounts under the cost model

Property, Plant and Equipment: Disclosure of carrying amounts under the cost model


 Issues rejected: Agenda decision

IAS 16 Property, Plant and Equipment: Disclosure of carrying amounts under the cost model

The Interpretations Committee received a request for clarification about IAS 16 Property, Plant and Equipment. The submission relates to whether an entity is required to reflect the capitalisation of borrowing costs to meet the disclosure requirement in IAS 16 Property, Plant and Equipment paragraph 77(e) for assets stated at revalued amounts for which borrowing costs are not capitalised in accordance with IAS 23 Borrowing Costs paragraph 4(a).

Project stages

Deliberations

Deliberations

The Interpretations Committee determined that, in the light of the existing IFRS requirements, neither an Interpretation nor an amendment to a Standard was necessary and consequently decided not to add this issue to its agenda.