Published March 2002. Effective 25 March 2002.
SIC 32 concludes that an entity’s own web site that arises from development and is for internal or external access is an internally generated intangible asset that is subject to the requirements of IAS 38.
The interpretation identifies four stages of the development of a website and clarifies the accounting treatment of costs at each stage:
'Which version of the interpretation?' is only available to members of the Financial Reporting Faculty. Please note that to access electronic versions of IFRS through the links in these standard trackers you need to have first logged into eIFRS.
Full access to details of all the amendments is only available to Financial Reporting Faculty members. Find out how to join the faculty.
*Not EU endorsed as at 21 June 2015. Read more on EU Endorsement.
The IASB is currently engaged in a long term project on leases, which is expected to result in a fundamental change in the accounting for leases. An exposure draft was issued in August 2010 and the topic was re-exposed in May 2013. A final standard is expected in the second half of 2015. ED/2013/6 proposes that SIC 32 is amended to clarify when the interpretation is applied in the case of a leased website.
This page was last updated 21 June 2015.