ALUMINUM CORP OF CHINA LTD | CIK:0001161611 | 3

  • Filed: 4/19/2018
  • Entity registrant name: ALUMINUM CORP OF CHINA LTD (CIK: 0001161611)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1161611/000116161118000020/0001161611-18-000020-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1161611/000116161118000020/ach-20171231.xml
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  • ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory

    2.31 Borrowing costs

    General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

    Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation.

    All other borrowing costs are recognized in profit or loss in the period in which they are incurred. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.