accounting-standard-aasb-123澳大利亚会计准则会计准则123--外文翻译.doc

ACCOUNTING STANDARD AASB 123BORROWING COSTSAASB 123 2 COPYRIGHT AbstractThe Australian Accounting Standards Board (AASB) is implementing the Financial Reporting Councils policy of adopting the Standards of the International Accounting Standards Board (IASB) for application to reporting periods beginning on or after 1 January 2005. The AASB has decided it will continue to issue sector-neutral Standards, that is, Standards applicable to both for-profit and not-for-profit entities, including public sector entities.Except for Standards that are specific to the not-for-profit or public sectors or that are of a purely domestic nature, the AASB is using the IASB Standards as the “foundation” Standards to which it adds material detailing the scope and applicability of a Standard in the Australian environment. Additions are made, where necessary, to broaden the content to cover sectors not addressed by an IASB Standard and domestic, regulatory or other issues.Core Principle1 Borrowing costs that are directly attributable to the acquisition,construction or production of a qualifying asset form part of the cost of that asset. Other borrowing costs are recognised as an expense.ApplicationAus1.1 This Standard applies to:(a) each entity that is required to prepare financial reports in accordance with Part 2M.3 of the Corporations Act and that is a reporting entity;(b) general purpose financial reports of each other reporting entity; and (c) financial reports that are, or are held out to be, general purpose financial reports.Aus1.2 This Standard applies to annual reporting periods beginning on or after 1 January 2009.Aus1.3 This Standard may be applied to annual reporting periods beginning on or after 1 January 2005 but before1 January 2009. When an entity applies this Standard to such an annual reporting period, it shall disclose that fact.Aus1.4 The requirements specified in this Standard apply to the financial report where information resulting from their AASB 123 9 STANDARD application is material in accordance with AASB 1031Materiality.Aus1.5 When applicable, this Standard supersedes AASB 123Borrowing Costs as notified in the Commonwealth ofAustralia Gazette No S 294, 22 July 2004.Scope2 An entity shall apply this Standard in accounting for borrowingcosts.3 The Standard does not deal with the actual or imputed cost of equity,including preferred capital not classified as a liability.4 An entity is not required to apply the Standard to borrowing costsdirectly attributable to the acquisition, construction or production of:(a) a qualifying asset measured at fair value, for example abiological asset; or(b) inventories that are manufactured, or otherwise produced, inlarge quantities on a repetitive basis.Definitions5 This Standard uses the following terms with the meaningsspecified:Borrowing costs are interest and other costs that an entity incursin connection with the borrowing of funds.A qualifying asset is an asset that necessarily takes a substantialperiod of time to get ready for its intended use or sale.6 Borrowing costs may include:(a) interest on bank overdrafts and short-term and long-termborrowings;(b) amortisation of discounts or premiums relating to borrowings;(c) amortisation of ancillary costs incurred in connection with thearrangement of borrowings;AASB 123 10 STANDARD(d) finance charges in respect of finance leases recognised in accordance with AASB 117 Leases; and(e) exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs.7 Depending on the circumstances, any of the following may be qualifying assets:(a) inventories(b) manufacturing plants(c) power generation facilities(d) intangible assets(e) investment properties.Financial assets, and inventories that are manufactured, or otherwise produced, over a short period of time, are not qualifying assets. Assets that are ready for their intended use or sale when acquired are not qualifying assets.Recognition8 An entity shall capitalise borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset as part of the cost of that asset. An entity shallrecognise other borrowing costs as an expense in the period in which it incurs them.9 Borrowing costs that are directly attributable to the acquisition,construction or production of a qualifying asset are included in the cost of that asset. Such borrowing costs are capitalised as part of the cost of the asset when it is probable that they will result in future economic benefits to the entity and the costs can be measured reliably. When an entity applies AASB 129 Financial Reporting in Hyperinflationary Economies, it recognises as an expense the part of borrowing costs that compensates for inflation during the same period in accordance with paragraph 21 of that Standard.AASB 123 11 STANDARDBorrowing Costs Eligible for Capitalisation10 The borrowing costs that are directly attributable to the acquisition,construction or production of a qualifying asset are those borrowing costs that would have been avoided if the expenditure on the qualifying asset had not been made. When an entity borrows funds specifically for the purpose of obtaining a particular qualifying asset, the borrowing costs that directly relate to that qualifying asset can be readily identified.11 It may be difficult to identify a direct relationship between particular borrowings and a qualifying asset and to determine the borrowings that could otherwise have been avoided. Such a difficulty occurs, for example, when the financing activity of an entity is co-ordinated centrally. Difficulties also arise when a group uses a range of debtin struments to borrow funds at varying rates of interest, and lends those funds on various bases to other entities in the group. Other complications arise through the use of loans denominated in or linked to foreign currencies, when the group operates in highly inflationary economies, and from fluctuations in exchange rates. As a result, the determination of the amount of borrowing costs that are directly attributable to the acquisition of a qualifying asset is difficult and the exercise of judgement is required.12 To the extent that an entity borrows funds specifically for the purpose of obtaining a qualifying asset, the entity shall determine the amount of borrowing costs eligible for capitalisation as the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of those borrowings.13 The financing arrangements for a qualifying asset may result in an entity obtaining borrowed funds and incurring associated borrowing costs before some or all of the funds are used for expenditures on the qualifying asset. In such circumstances, the funds are often temporarily invested pending their expenditure on the qualifying asset. In determining the amount of borrowing costs eligible for capitalization during a period, any investment income earned on such funds is deducted from the borrowing costs incurred.14 To the extent that an entity borrows funds generally and uses them for the purpose of obtaining a qualifying asset, the entity shall determine the amount of borrowing costs eligible for capitalization by applying a capitalisation rate to the expenditures on that asset. The capitalisation rate shall be the weighted average of the borrowing costs applicable to the borrowings of the entity that are outstanding during the period, other than borrowings made.AASB 123 12 STANDARDspecifically for the purpose of obtaining a qualifying asset. The amount of borrowing costs that an entity capitalises during a period shall not exceed the amount of borrowing costs it incurred during that period.15 In some circumstances, it is appropriate to include all borrowings of the parent and its subsidiaries when computing a weighted average of the borrowing costs; in other circumstances, it is appropriate for each subsidiary to use a weighted average of the borrowing costs applicable to its own borrowings.Excess of the Carrying Amount of the Qualifying Asset OverRecoverable Amount16 When the carrying amount or the expected ultimate cost of the qualifying asset exceeds its recoverable amount or net realisable value, the carrying amount is written down or written off in accordance with the requirements of other Standards. In certain circumstances, the amount of the write-down or write-off is written back in accordance with those other Standards.Commencement of Capitalisation17 An entity shall begin capitalising borrowing costs as part of the cost of a qualifying asset on the commencement date. The commencement date for capitalisation is the date when the entity first meets all of the following conditions:(a) it incurs expenditures for the asset;(b) it incurs borrowing costs; and(c) it undertakes activities that are necessary to prepare the asset for its intended use or sale.18 Expenditures on a qualifying asset include only those expenditures that have resulted in payments of cash, transfers of other assets or the assumption of interest-bearing liabilities.Expenditures are reduced by any progress payments received and grants received in connection with the asset (see AASB 120 Accounting for Government Grants and Disclosure of Government Assistance). The average carrying amount of the asset during a period, including borrowing costs previously capitalised, is normally a reasonable approximation of the expenditures to which the capitalisation rate is applied in that period.AASB 123 13 STANDARD19 The activities necessary to prepare the asset for its intended use or sale encompass more than the physical construction of the asset. They include technical and administrative work prior to the commencement of physical construction, such as the activities associated with obtaining permits prior to the commencement of the physical construction. However, such activities exclude the holding of an asset when no production or development that changes the assets condition is taking place. For example, borrowing costs incurred while land is under development are capitalised during the period in which activities related to the development are being undertaken. However, borrowing costs incurred while land acquired for building purposes is held without any associated development activity do not qualify for capitalisation.Suspension of Capitalisation20 An entity shall suspend capitalisation of borrowing costs during extended periods in which it suspends active development of a qualifying asset.21 An entity may incur borrowing costs during an extended period in which it suspends the activities necessary to prepare an asset for its intended use or sale. Such costs are costs of holding partially completed assets and do not qualify for capitalisation. However, an entity does not normally suspend capitalising borrowing costs during a period when it carries out substantial technical and administrative work. An entity also does not suspend capitalising borrowing costs when a temporary delay is a necessary part of the process of getting an asset ready for its intended use or sale. For example, capitalization continues during the extended period that high water levels delay construction of a bridge, if such high water levels are common during the construction period in the geographical region involved.Cessation of Capitalisation22 An entity shall cease capitalising borrowing costs when substantially all the activities necessary to prepare the qualifying asset for its intended use or sale are complete.23 An asset is normally ready for its intended use or sale when the physical construction of the asset is complete even though routine administrative work might still continue. If minor modifications, such as the decoration of a property to the purchasers or users specification, are all that are outstanding, this indicates that substantially all the activities are complete.AASB 123 14 STANDARD24 When an entity completes the construction of a qualifying asset in parts and each part is capable of being used while construction continues on other parts, the entity shall cease capitalizing borrowing costs when it completes substantially all the activities necessary to prepare that part for its intended use or sale.25 A business park comprising several buildings, each of which can be used individually, is an example of a qualifying asset for which each part is capable of being usable while construction continues on other parts. An example of a qualifying asset that needs to be complete before any part can be used is an industrial plant involving several processes which are carried out in sequence at different parts of the plant within the same site, such as a steel mill.Disclosure26 An entity shall disclose:(a) the amount of borrowing costs capitalised during the period;and(b) the capitalisation rate used to determine the amount of borrowing costs eligible for capitalisation.Transitional Provisions27 When application of this Standard constitutes a change in accounting policy, an entity shall apply the Standard to borrowing costs relating to qualifying assets for which the commencement date for capitalisation is on or after the application date. 28 However, an entity may designate any date before the application date and apply the Standard to borrowing costs relating to all qualifying assets for which the commencement date for capitalisation is on or after that date. 澳大利亚会计准则会计准则123借贷成本AASB 123 2 COPYRIGHT 摘要澳大利亚会计准则委员会（AASB第）正在执行财务汇报局的政策，采用的标准国际会计准则委员会（IASB）的申请报告期间或之后开始的2005年1月1日。在澳大利亚会计准则已决定将继续发行部门的中立标准，即标准适用于无论是营利性和不以营利为目的的实体，包括公共部门实体。除标准所特有的不以营利为目的或公共部门或这纯粹国内性质的，在澳大利亚会计准则使用的是国际会计标准作为“基础”标准物质添加到它的范围详细和适用性的标准在澳大利亚的环境。的增提出，在必要时扩大到涵盖的内容没有涉及部门由国内标准与国际会计准则委员会，监管或其他问题。核心原则一借款费用可直接归属于收购，建造或符合条件的资产的资产的成本组成部分的生产。其他借款费用确认为费用。 应用 Aus1.1本标准适用于： （一）每所必需的准备与部分2M.3按照公司法财务报告，这是一个报告主体的实体；（二）通用的每个其他报告实体的财务报告；（三）本身或持有如何，通用财务报告的财务报告。 Aus1.2本标准适用于年度报告期间或之后09年1月1日开始。 Aus1.3本标准可应用于年度报告期间或之后开始的，但于二零零五年一月一日之前，2009年1月1日。当一个实体本标准适用于警钟，一个年度报告期间，应当披露这一事实。 Aus1.4在本标准规定的要求适用于财务报告信息，从他们那里AASB第123 9标准的适用所产生的材料是根据1031年与澳大利亚会计准则的物质性。Aus1.5适用时，本标准取代AASB第123 借贷成本的英联邦通知 澳大利亚公报编号S 294，2004年7月22日。 范围 2，实体应适用于本标准，占借贷成本。 3，标准并没有涉及股权实际或估算成本，包括首选资本不列为负债。 4，实体是不需要申请借款费用的标准直接归属于收购，建造或生产： （一）符合条件的资产按公允价值计量，例如一生物资产的；（二）所生产，或以其他方式制作，存货在大量重复的基础。 定义 5，本标准使用的下列术语的含义 指定： 借款费用利息和其他费用，一个企业借入资金符合条件的资产是资产，必须经相当长一段时间才能达到预定可使用或者可销售状态。 6，借款费用可包括： （一）银行透支利息及短期和长期借贷；（二）摊销折价或溢价的借贷；（三）发生在连接摊销和辅助费用安排借款；澳大利亚会计准则123 10标准 （四）财政按照公认的与澳大利亚会计准则117租赁融资租赁相关的费用；（五）汇兑差额，外币借款产生的，他们是作为利息费用调整视为程度。 7，根据不同的情况下