BC25 IAS 23 requires disclosure of the capitalisation rate used to determine the amount of borrowing costs eligible for capitalisation. SFAS 34 does not require this disclosure.
BC26 SFAS 34 requires disclosure of the total amount of interest cost incurred during the period, including the amount capitalised and the amount recognised as an expense. IAS 23 requires disclosure only of the amount of borrowing costs capitalised during the period. IAS 1 Presentation of Financial Statements requires the disclosure of finance costs for the period. [In April 2024 the IASB issued IFRS 18 Presentation and Disclosure in Financial Statements, which replaced IAS 1 Presentation of Financial Statements. IFRS 18 does not require separate presentation of finance costs.]
BC27 [Deleted]