The Essentials About Borrowing Costs for IAS 23

What are Borrowing Costs? Borrowing costs are interest and other costs incurred by an entity in connection with the borrowing of funds. Borrowing costs may include – Interest on bank overdrafts and short-term and long-term borrowings (including inter-company borrowings). – Amortisation of discounts or premiums relating to borrowings – Amortisation of ancillary costs incurred in …

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