Common use of BORROWING COSTS Clause in Contracts

BORROWING COSTS. Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.

BORROWING COSTS. Borrowing costs directly attributable attributed to the acquisition, acquisition or construction or production of an asset that necessarily takes a substantial period of long time to get put in ready for its intended to use or available for sale state are capitalised capitalized as part of the cost of the assetrespective asset until that asset condition is ready for its intended use. All other borrowing costs are expensed in the period in which they occurare incurred. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of fundsarising from such borrowing.

BORROWING COSTS. Borrowing costs directly attributable to the acquisition, construction or production of an asset assets that necessarily takes take a substantial period of time to get ready prepare for its their intended use or sale sale, are capitalised as part of added to the cost of those assets, until such time as the assetassets are substantially ready for their intended use or sale. All other borrowing costs are expensed recognised in income in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of fundsare incurred.