SIC-2 — Consistency - Capitalisation of Borrowing Costs



  • Issued December 1997.
  • Effective date: Periods beginning on or after 1 January 1998.
  • Superseded by IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (Revised 2003) effective for annual periods beginning on or after 1 January 2005.

Summary of SIC-2

If an enterprise adopts the accounting policy of capitalising borrowing costs as permitted by IAS 23, it should apply that policy consistently for all qualifying assets and periods.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.