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capitalizing startup expenses?

asked Jan 15, 2013 in IFRS 1 - First-time Adoption of International Financial Standards by anonymous

We started a new subsidiary under our group for a separate purpose. Can we capitalize the secretarial fees spent on this regard under IFRS?

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answered Jan 15, 2013 by anonymous

This is not recognized as a an asset under IFRS 1. You should charge the related expenses to the P/L

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