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IAS 23: Borrowing CostsCore principle (para. 1)Scope (paras. 2-4)Definitions (paras. 5-7)Recognition (paras. 8-25)Disclosure (para. 26)Transitional provisions (paras. 27-28A)Effective date (paras. 29-29D)Withdrawal of IAS 23 (revised 1993) (para. 30)Appendix - Amendments to other pronouncementsApproval by the Board of IAS 23 issued in March 2007IAS 23: Basis for ConclusionsIntroduction (paras. BC1-BC3)Amendments to the scope (paras. BC4-BC6)Assets measured at fair value (para. BC4)Inventories that are manufactured, or otherwise produced, in large quantities on a repetitive basis (paras. BC5-BC6)Elimination of the option of immediate recognition as an expense of borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset (paras. BC7-BC14)Borrowing costs eligible for capitalisation (amendments issued in December 2017) (paras. BC14A-BC14E)Effective date and transition (paras. BC15-BC18A)BC15-BC18Borrowing costs eligible for capitalisation (amendments issued in December 2017) (para. BC18A)Differences between IAS 23 and SFAS 34 (paras. BC19-BC27)BC19Definition of borrowing costs (paras. BC20-BC21)Definition of a qualifying asset (para. BC22)Measurement (paras. BC23-BC24)Disclosure requirements (paras. BC25-BC27)Appendix - Amendments to Basis for Conclusions on other pronouncementsDissenting opinionsIAS 23: Implementation Guidance
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Version date: 11 December 2017 - onwards
Version 2 of 2

Effective date (paras. 29-29D)

29 An entity shall apply the Standard for annual periods beginning on or after 1 January 2009. Earlier application is permitted. If an entity applies the Standard from a date before 1 January 2009, it shall disclose that fact.

29A Paragraph 6 was amended by Improvements to IFRSs issued in May 2008. An entity shall apply that amendment for annual periods beginning on or after 1 January 2009. Earlier application is permitted. If an entity applies the amendment for an earlier period it shall disclose that fact.

29B IFRS 9, as issued in July 2014, amended paragraph 6. An entity shall apply that amendment when it applies IFRS 9.

29C IFRS 16, issued in January 2016, amended paragraph 6. An entity shall apply that amendment when it applies IFRS 16.

29DAnnual Improvements to IFRS Standards 2015–2017 Cycle, issued in December 2017, amended paragraph 14 and added paragraph 28A. An entity shall apply those amendments for annual reporting periods beginning on or after 1 January 2019. Earlier application is permitted. If an entity applies those amendments earlier, it shall disclose that fact.

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