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Contents

25.1 Scope.

25.1.1 Extract from FRS102: Section 25.1.

25.1.2 OmniPro comment

25.1.2.1 Overview.

25.1.2.2 Borrowing costs defined.

25.1.2.2.1 Interest charged on the effective interest method.

25.1.2.2.1.1 Examples of interest considered for capitalisation.

25.1.2.2.1.2 Examples of costs not eligible for capitalisation.

25.1.2.2.2 Finance lease interest.

25.1.2.2.3 Exchange differences.

25.2 Recognition.

25.2.1 Extract from FRS102: Section 25.2 – 25.2C.

25.2.2 OmniPro comment

25.2.2.1 Definition of qualifying asset.

25.2.2.2 Accounting policy choice and qualifying borrowing costs.

25.2.2.3 Substantial period of time.

25.2.2.4 Class of qualifying assets-  consistency.

25.2.2.5 Borrowing costs less any investment income generated.

25.2.2.6 General borrowings.

25.3 Commencement and cessation of capitalisation.

25.3.1Extract from FRS102: Section 25.2D.

25.3.2 OmniPro comment

25.3.2.1 Commencement of capitalisation.

25.3.2.2. Suspension of capitalisation.

25.3.2.3 Cessation of capitalisation.

25.4 Disclosures.

25.4.1 Extract from FRS102: Section 25.3 – 25.3A.

25.4.2 OmniPro comment

25.4.2.1 Analysis.

25.4.2.2 Accounting policies.

25.4.2.2.1 Property plant and equipment.

25.4.2.2.2 Interest paid.

25.4.2.2.3 Borrowings.

25.4.2.2.4 Trade and other payables.

25.4.2.3 Critical Accounting Judgements and Estimates.

25.4.2.4. Notes to the financial statements.

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Examples

Example 1: Borrowing costs net of investment income.

Example 2: Calculation of capitalisation rate.

Example 3: Extract from an accounting policy note and critical accounting judgements and estimates in the financial statements.

Example 4: Extract from the notes to the financial statements – note fixed asset note is used here however the same narrative would be required for any other type of qualifying asset.

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