Definitions (AASB123_08-15_COMPmar20_07-21) [further paragraphs]

Borrowing costs may include:

(a) interest expense calculated using the effective interest method as described in AASB 9;

(b) [deleted]

(c) [deleted]

(d) interest in respect of lease liabilities recognised in accordance with AASB 16 Leases; and

(e) exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs.

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

(f) bearer plants.

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.