This guidance applies to worldwide group periods of account ending before or straddling 1 April 2017.

What financing expenses are included in the available amount

TIOPA10/S332(1) (a)-(f) sets out the amounts that are included within the available amount. The available amount is calculated by totalling the amounts disclosed in the financial statements of the worldwide group for the period. This will be the sum of the disclosed amounts in respect of:

interest payable on borrowing

amortisation of discounts relating to borrowing

amortisation of premiums relating to borrowing

amortisation of expenses ancillary to borrowing

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.