Paragraph 27 Development costs
(1)
Notwithstanding that amounts representing “development costs” may be included under Assets item 9 in the balance sheet format, an amount may only be included in a company’s balance sheet in respect of development costs in special circumstances.
(2)
If any amount is included in a company’s balance sheet in respect of development costs the following information shall be given in a note to the accounts:
(a)
the period over which the amount of those costs originally capitalised is being or is to be written off; and
(b)
the reasons for capitalising the development costs in question.