Frasers Property (formerly: Frasers Cpt (FCL))

[vingaard]

I was reading the 2016 AR and found this statement on page 71: "Net interest expense for the year amounted to $181million, which includes $39 million that was capitalized as part of Property Under Development".

This would make the interest expense on the P&L statement look much smaller than what it actually is. Is this the usual practice for property developers, i.e. Capitalise part of the interest expense as property under development?


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