BORROWING COSTS Clause Samples
The BORROWING COSTS clause defines how interest and other costs incurred from borrowing funds are treated in relation to a project or contract. Typically, this clause specifies whether such costs can be capitalized as part of the asset's cost or must be expensed as incurred, and may outline the types of borrowings covered, such as loans taken specifically for the project. Its core function is to provide clarity on the financial treatment of borrowing expenses, ensuring consistency and compliance with accounting standards.
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BORROWING COSTS. Paid: interest and costs (paid, due to be paid or capitalised) to service Gross Borrowings including the effect of amounts paid and received under interest rate hedging related to Gross Borrowings. Capital Expenditure: expenditure on the purchase of fixed assets, including amounts funded by hire purchase or finance leases. CFADS: Net Cash Flow less Net Capital Expenditure. Debt Service Liability: Borrowing Costs Paid plus scheduled repayments of Gross Borrowings. Directors' Remuneration: Amounts paid to directors by way of salary, fees, pension contributions, bonus contributions and any other similar reward payments.
BORROWING COSTS. The Debtor shall pay the costs and honorary fees incurred by this agreement, any publication, surveying, appraisal and inspection costs, including those related to any renewal, notice, hypothec, waiver, cession of rank, discharge or release related to the agreement. The Creditor shall be authorized to retain, from the amount of the loan, sufficient funds to cover these costs.
BORROWING COSTS. Borrowing costs, if attributable to qualifying assets i.e. assets that necessarily take substantial period of time to get ready for its intended use or sale are capitalised, otherwise charged to Profit & Loss Account.
BORROWING COSTS. Borrowing costs directly attributed to the acquisition or construction of an asset that necessarily takes long time to put in ready to use or available for sale state are capitalized as part of the cost of the respective asset until that asset condition is ready for its intended use. All other borrowing costs are expensed in the period they are incurred. Borrowing costs consist of interest and other costs arising from such borrowing.
BORROWING COSTS. Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for intended use. All other borrowing costs are charged to revenue.
BORROWING COSTS. Borrowing costs are expensed in the profit and loss account in the period in which they are incurred, except to the extent that such costs are capitalised as being directly attributable to the acquisition or construction of an asset which necessarily takes a substantial period of time to get ready for its intended use.
BORROWING COSTS this amendment, applicable from January 1, 2009, revises the definition of borrowing costs.
BORROWING COSTS. Borrowing costs are expressed in the combined profit and loss accounts in the period in which they are incurred, except to the extent that they are capitalised as being directly attributable to the acquisition or construction of an asset which necessarily takes a substantial period of time to get ready for its intended use.
(I) REVENUE RECOGNITION Provided it is probable that the economic benefits will flow to the Target Group and the revenue and costs, if applicable, can be measured reliably, revenue is recognised in the combined profit and loss accounts as follows:
(i) usage fees are recognised as revenue when the service is rendered;
(ii) monthly fees are recognised as revenue in the month during which the service is rendered;
(iii) connection fees are recognised as revenue when receivable;
(iv) deferred revenue from prepaid service is recognised as income when the cellular telephone services are rendered upon actual usage by subscribers;
(v) interest income is recognised on a time proportion basis by reference to the principal outstanding and the rate applicable; and
(vi) sales of SIM cards and handsets are recognised on delivery of goods to the buyer. Such revenue, net of cost of goods sold, is included in other net income due to its insignificance.
BORROWING COSTS. Costs incurred by the Corporation which are deductible as Passive Section 7(i) Costs pursuant to the terms of Article II, Section 1(d).
BORROWING COSTS. All interest costs are expensed as they are incurred within the reporting period.