accounting standard aasb 123澳大利亚会计准则会计准则123外文翻译学位论文.docx

accounting standard aasb 123澳大利亚会计准则会计准则123外文翻译学位论文.docx

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accountingstandardaasb123澳大利亚会计准则会计准则123外文翻译学位论文

ACCOUNTINGSTANDARDAASB123

BORROWINGCOSTS

AASB1232COPYRIGHT

Abstract

TheAustralianAccountingStandardsBoard（AASB）isimplementingtheFinancialReportingCouncil’spolicyofadoptingtheStandardsoftheInternationalAccountingStandardsBoard（IASB）forapplicationtoreportingperiodsbeginningonorafter1January2005.TheAASBhasdecideditwillcontinuetoissuesector-neutralStandards,thatis,Standardsapplicabletobothfor-profitandnot-for-profitentities,includingpublicsectorentities.ExceptforStandardsthatarespecifictothenot-for-profitorpublicsectorsorthatareofapurelydomesticnature,theAASBisusingtheIASBStandardsasthe“foundation”StandardstowhichitaddsmaterialdetailingthescopeandapplicabilityofaStandardintheAustralianenvironment.Additionsaremade,wherenecessary,tobroadenthecontenttocoversectorsnotaddressedbyanIASBStandardanddomestic,regulatoryorotherissues.

CorePrinciple

1Borrowingcoststhataredirectlyattributabletotheacquisition,constructionorproductionofaqualifyingassetformpartofthecostofthatasset.Otherborrowingcostsarerecognisedasanexpense.

Application

Aus1.1ThisStandardappliesto:

（a）eachentitythatisrequiredtopreparefinancialreportsinaccordancewithPart2M.3oftheCorporationsActandthatisareportingentity;

（b）generalpurposefinancialreportsofeachotherreportingentity;and

（c）financialreportsthatare,orareheldouttobe,generalpurposefinancialreports.

Aus1.2ThisStandardappliestoannualreportingperiodsbeginningonorafter1January2009.Aus1.3ThisStandardmaybeappliedtoannualreportingperiodsbeginningonorafter1January2005butbefore1January2009.WhenanentityappliesthisStandardtosuchanannualreportingperiod,itshalldisclosethatfact.Aus1.4TherequirementsspecifiedinthisStandardapplytothefinancialreportwhereinformationresultingfromtheirAASB1239STANDARDapplicationismaterialinaccordancewithAASB1031

Materiality.

Aus1.5Whenapplicable,thisStandardsupersedesAASB123

BorrowingCostsasnotifiedintheCommonwealthof

AustraliaGazetteNoS294,22July2004.

Scope

2AnentityshallapplythisStandardinaccountingforborrowing

costs.

3TheStandarddoesnotdealwiththeactualorimputedcostofequity,

includingpreferredcapitalnotclassifiedasaliability.

4AnentityisnotrequiredtoapplytheStandardtoborrowingcosts

directlyattributabletotheacquisition,constructionorproductionof:

（a）aqualifyingassetmeasuredatfairvalue,forexamplea

biologicalasset;or

（b）inventoriesthataremanufactured,orotherwiseproduced,in

largequantitiesonarepetitivebasis.

Definitions

5ThisStandardusesthefollowingtermswiththemeanings

specified:

Borrowingcostsareinterestandothercoststhatanentityincurs

inconnectionwiththeborrowingoffunds.

Aqualifyingassetisanassetthatnecessarilytakesasubstantial

periodoftimetogetreadyforitsintendeduseorsale.

6Borrowingcostsmayinclude:

（a）interestonbankoverdraftsandshort-termandlong-term

borrowings;

（b）amortisationofdiscountsorpremiumsrelatingtoborrowings;

（c）amortisationofancillarycostsincurredinconnectionwiththe

arrangementofborrowings;

AASB12310STANDARD

（d）financechargesinrespectoffinanceleasesrecognisedinaccordancewithAASB117Leases;and

（e）exchangedifferencesarisingfromforeigncurrencyborrowingstotheextentthattheyareregardedasanadjustmenttointerestcosts.

7Dependingonthecircumstances,anyofthefollowingmaybequalifyingassets:

（a）inventories

（b）manufacturingplants

（c）powergenerationfacilities

（d）intangibleassets

（e）investmentproperties.

Financialassets,andinventoriesthataremanufactured,orotherwiseproduced,overashortperiodoftime,arenotqualifyingassets.Assetsthatarereadyfortheirintendeduseorsalewhenacquiredarenotqualifyingassets.

Recognition

8Anentityshallcapitaliseborrowingcoststhataredirectlyattributabletotheacquisition,constructionorproductionofaqualifyingassetaspartofthecostofthatasset.Anentityshall

recogniseotherborrowingcostsasanexpenseintheperiodinwhichitincursthem.

9Borrowingcoststhataredirectlyattributabletotheacquisition,constructionorproductionofaqualifyingassetareincludedinthecostofthatasset.Suchborrowingcostsarecapitalisedaspartofthecostoftheassetwhenitisprobablethattheywillresultinfutureeconomicbenefitstotheentityandthecostscanbemeasuredreliably.WhenanentityappliesAASB129FinancialReportinginHyperinflationaryEconomies,itrecognisesasanexpensethepartofborrowingcoststhatcompensatesforinflationduringthesameperiodinaccordancewithparagraph21ofthatStandard.

AASB12311STANDARD

BorrowingCostsEligibleforCapitalisation

10Theborrowingcoststhataredirectlyattributabletotheacquisition,constructionorproductionofaqualifyingassetarethoseborrowingcoststhatwouldhavebeenavoidediftheexpenditureonthequalifyingassethadnotbeenmade.Whenanentityborrowsfundsspecificallyforthepurposeofobtainingaparticularqualifyingasset,theborrowingcoststhatdirectlyrelatetothatqualifyingassetcanbereadilyidentified.

11Itmaybedifficulttoidentifyadirectrelationshipbetweenparticularborrowingsandaqualifyingassetandtodeterminetheborrowingsthatcouldotherwisehavebeenavoided.Suchadifficultyoccurs,forexample,whenthefinancingactivityofanentityisco-ordinatedcentrally.Difficultiesalsoarisewhenagroupusesarangeofdebtinstrumentstoborrowfundsatvaryingratesofinterest,andlendsthosefundsonvariousbasestootherentitiesinthegroup.Othercomplicationsarisethroughtheuseofloansdenominatedinorlinkedtoforeigncurrencies,whenthegroupoperatesinhighlyinflationaryeconomies,andfromfluctuationsinexchangerates.Asaresult,thedeterminationoftheamountofborrowingcoststhataredirectlyattributabletotheacquisitionofaqualifyingassetisdifficultandtheexerciseofjudgementisrequired.

12Totheextentthatanentityborrowsfundsspecificallyforthepurposeofobtainingaqualifyingasset,theentityshalldeterminetheamountofborrowingcostseligibleforcapitalisationastheactualborrowingcostsincurredonthatborrowingduringtheperiodlessanyinvestmentincomeonthetemporaryinvestmentofthoseborrowings.

13Thefinancingarrangementsforaqualifyingassetmayresultinanentityobtainingborrowedfundsandincurringassociatedborrowingcostsbeforesomeorallofthefundsareusedforexpendituresonthequalifyingasset.Insuchcircumstances,thefundsareoftentemporarilyinvestedpendingtheirexpenditureonthequalifyingasset.Indeterminingtheamountofborrowingcostseligibleforcapitalizationduringaperiod,anyinvestmentincomeearnedonsuchfundsisdeductedfromtheborrowingcostsincurred.

14Totheextentthatanentityborrowsfundsgenerallyandusesthemforthepurposeofobtainingaqualifyingasset,theentityshalldeterminetheamountofborrowingcostseligibleforcapitalizationbyapplyingacapitalisationratetotheexpendituresonthatasset.Thecapitalisationrateshallbetheweightedaverageoftheborrowingcostsapplicabletotheborrowingsoftheentitythatareoutstandingduringtheperiod,otherthanborrowingsmade.

AASB12312STANDARD

specificallyforthepurposeofobtainingaqualifyingasset.Theamountofborrowingcoststhatanentitycapitalisesduringaperiodshallnotexceedtheamountofborrowingcostsitincurredduringthatperiod.

15Insomecircumstances,itisappropriatetoincludeallborrowingsoftheparentanditssubsidiarieswhencomputingaweightedaverageoftheborrowingcosts;inothercircumstances,itisappropriateforeachsubsidiarytouseaweightedaverageoftheborrowingcostsapplicabletoitsownborrowings.

ExcessoftheCarryingAmountoftheQualifyingAssetOver

RecoverableAmount

16Whenthecarryingamountortheexpectedultimatecostofthequalifyingassetexceedsitsrecoverableamountornetrealisablevalue,thecarryingamountiswrittendownorwrittenoffinaccordancewiththerequirementsofotherStandards.Incertaincircumstances,theamountofthewrite-downorwrite-offiswrittenbackinaccordancewiththoseotherStandards.

CommencementofCapitalisation

17Anentityshallbegincapitalisingborrowingcostsaspartofthecostofaqualifyingassetonthecommencementdate.Thecommencementdateforcapitalisationisthedatewhentheentityfirstmeetsallofthefollowingconditions:

（a）itincursexpendituresfortheasset;

（b）itincursborrowingcosts;and

（c）itundertakesactivitiesthatarenecessarytopreparetheassetforitsintendeduseorsale.

18Expendituresonaqualifyingassetincludeonlythoseexpendituresthathaveresultedinpaymentsofcash,transfersofotherassetsortheassumptionofinterest-bearingliabilities.Expendituresarereducedbyanyprogresspaymentsreceivedandgrantsreceivedinconnectionwiththeasset（seeAASB120AccountingforGovernmentGrantsandDisclosureofGovernmentAssistance）.Theaveragecarryingamountoftheassetduringaperiod,includingborrowingcostspreviouslycapitalised,isnormallyareasonableapproximationoftheexpenditurestowhichthecapitalisationrateisappliedinthatperiod.

AASB12313STANDARD

19Theactivitiesnecessarytopreparetheassetforitsintendeduseorsaleencompassmorethanthephysicalconstructionoftheasset.Theyincludetechnicalandadministrativewor