MEXICAN ECONOMIC DEVELOPMENT INC | CIK:0001061736 | 3

  • Filed: 4/24/2018
  • Entity registrant name: MEXICAN ECONOMIC DEVELOPMENT INC (CIK: 0001061736)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1061736/000119312518129003/0001193125-18-129003-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1061736/000119312518129003/fmx-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001061736
  • Open this page in separate window: Click
  • ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory

    3.13 Borrowing costs

    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. Borrowing costs may include:

     

        Interest expense; and

     

        Exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs.

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

    All other borrowing costs are recognized in consolidated income statement in the period in which they are incurred.