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Commission Regulation (EC) No 1260/2008 of 10 December 2008 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard (IAS) 23 (Text with EEA relevance) (revoked)

EU Regulation No 1260/2008 · Adopted 10 December 2008 · Extends to United Kingdom

Original text. legislation.gov.uk does not revise this item, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Commission Regulation (EC) No 1260/2008

of 10 December 2008

amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Accounting Standard (IAS) 23

(Text with EEA relevance) (revoked)

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Annotations to the whole text

Textual amendments

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Regulation revoked (31.12.2020) by The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/685), reg. 1(2), Sch. 2 para. 2 (with reg. 20(2)) (as amended by S.I. 2020/335, regs. 1, 5); 2020 c. 1, Sch. 5 para. 1(1)

Contents

  1. 1Article 1 Repealed
  2. 2Article 2 Repealed
  3. 3Article 3 Repealed
  4. Signature
  5. Annex Repealed
  6. Division Repealed
  7. INTERNATIONAL ACCOUNTING STANDARD 23 Repealed
  8. Borrowing Costs Repealed
  9. CORE PRINCIPLE Repealed
  10. 1Division 1 Repealed
  11. SCOPE Repealed
  12. 2Division 2 Repealed
  13. 3Division 3 Repealed
  14. 4An entity is not required to apply the Standard to borrowing costs directly attributable to the acquisition, construction or production of: Repealed
  15. DEFINITIONS Repealed
  16. 5This Standard uses the following terms with the meanings specified: Repealed
  17. 6Borrowing costs may include: Repealed
  18. 7Depending on the circumstances, any of the following may be qualifying assets: Repealed
  19. RECOGNITION Repealed
  20. 8Division 8 Repealed
  21. 9Division 9 Repealed
  22. Borrowing costs eligible for capitalisation Repealed
  23. 10Division 10 Repealed
  24. 11Division 11 Repealed
  25. 12Division 12 Repealed
  26. 13Division 13 Repealed
  27. 14Division 14 Repealed
  28. 15Division 15 Repealed
  29. Excess of the carrying amount of the qualifying asset over recoverable amount Repealed
  30. 16Division 16 Repealed
  31. Commencement of capitalisation Repealed
  32. 17An 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: Repealed
  33. 18Division 18 Repealed
  34. 19Division 19 Repealed
  35. Suspension of capitalisation Repealed
  36. 20Division 20 Repealed
  37. 21Division 21 Repealed
  38. Cessation of capitalisation Repealed
  39. 22Division 22 Repealed
  40. 23Division 23 Repealed
  41. 24Division 24 Repealed
  42. 25Division 25 Repealed
  43. DISCLOSURE Repealed
  44. 26An entity shall disclose: Repealed
  45. TRANSITIONAL PROVISIONS Repealed
  46. 27Division 27 Repealed
  47. 28Division 28 Repealed
  48. EFFECTIVE DATE Repealed
  49. 29Division 29 Repealed
  50. WITHDRAWAL OF IAS 23 (REVISED 1993) Repealed
  51. 30Division 30 Repealed
  52. AppendixAmendments to other pronouncements Repealed
  53. A1Division A1 Repealed
  54. A2Division A2 Repealed
  55. A3Division A3 Repealed
  56. A4Division A4 Repealed
  57. A5Division A5 Repealed
  58. A6Division A6 Repealed
  59. A7Division A7 Repealed

1F1

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2F1

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3F1

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Signature

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INTERNATIONAL ACCOUNTING STANDARD 23F1

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Borrowing CostsF1

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CORE PRINCIPLEF1

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1F1

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SCOPEF1

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2F1

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3F1

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4An entity is not required to apply the Standard to borrowing costs directly attributable to the acquisition, construction or production of:F1

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DEFINITIONSF1

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5This Standard uses the following terms with the meanings specified:F1

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6Borrowing costs may include:F1

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7Depending on the circumstances, any of the following may be qualifying assets:F1

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RECOGNITIONF1

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8F1

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9F1

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Borrowing costs eligible for capitalisationF1

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10F1

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11F1

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12F1

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13F1

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14F1

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15F1

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Excess of the carrying amount of the qualifying asset over recoverable amountF1

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16F1

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Commencement of capitalisationF1

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17An 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:F1

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18F1

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19F1

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Suspension of capitalisationF1

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20F1

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21F1

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Cessation of capitalisationF1

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22F1

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23F1

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24F1

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25F1

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DISCLOSUREF1

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26An entity shall disclose:F1

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TRANSITIONAL PROVISIONSF1

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27F1

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28F1

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EFFECTIVE DATEF1

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29F1

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WITHDRAWAL OF IAS 23 (REVISED 1993)F1

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30F1

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AppendixAmendments to other pronouncementsF1

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A1F1

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A2F1

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A3F1

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A4F1

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A5F1

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A6F1

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A7F1

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