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Where does this interest during construction appear in financial statements?

<p>A company has availed term loan for civil works. Interest during construction is capitalised.</p>

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Question ajoutée par Vinod Jetley , Assistant General Manager , State Bank of India
Date de publication: 2014/09/15
Tamer Elbeshbishy
par Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

As Long as the cost  of the building includes what have been paid in the nature of interest .  They should capitalized as they are included in the building cost  .

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

It is added to buildings block under “fixed assets” of balance sheet and depreciated thereafter alongwith buildings 

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

It is added along with the other costs of construction that form part of the Value of the assets at the stage of its full completion.

Utilisateur supprimé
par Utilisateur supprimé

agreed with Mr vinod

Asim Azaldeen Abdalrahman Mhammed
par Asim Azaldeen Abdalrahman Mhammed , Property Manager , TAAM PROPERTY

Work in progress in blance sheet and after finsh works it will transfer to fixed assets

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