FAC3762 - Borrowing Costs

Borrowing Costs - Disclosure

XXX Ltd.
Notes for the year ended XXX

XXX
R
1. Profit before tax

Profit before tax is stated after taking the following into account:

Income
Net finance income -
Total interest income
Interest income capitalised

Expenses
Depreciation
Net Finance Cost -
Total interest expense When dealing with general borrowings, the expense inc
Interest expense capitalised



2. Property, plant and equipment

Carrying amount at the beginning of year -
Cost
Accumulated Depreciation

Additions
Borrowing costs capitalized

Depreciation

Carrying amount at end of year -
Cost
Accumulated depreciation



3. Deferred tax
Temporary
Carrying amount Tax base
difference
Property plant and equipment - -
Deferred tax asset/(liability) - - -

Can claim cost of asset fully in the year incurred, but can only claim dedu

,neral borrowings, the expense incurred is the individual interest paid and the capitalized is as per the calculation.




Deferred tax
asset/(liability )


-

incurred, but can only claim deductions when brought into use. (Tax Base)