03-06-2007, 06:01 PM
Dear,
I gave you response in Pakistan's perspective. If you are from abroad, be informed that there is no such provision in IFRSs to defer the Pre-operating Expenses and these have to be expensed out in profit and loss account. However, if some of these expenses relate to testing of the newly installed asset then you have to follow paragraph 17 (e) of IAS 16.
Best regards,
Kamran.
I gave you response in Pakistan's perspective. If you are from abroad, be informed that there is no such provision in IFRSs to defer the Pre-operating Expenses and these have to be expensed out in profit and loss account. However, if some of these expenses relate to testing of the newly installed asset then you have to follow paragraph 17 (e) of IAS 16.
Best regards,
Kamran.