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SIC 32 Intangible Assets – Website Costs

Published March 2002. Effective 25 March 2002.

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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:

  • Planning costs should be expensed as incurred;
  • Subject to certain conditions, costs associated with the application and infrastructure development stage should be capitalised as an intangible asset
  • Content development costs should be expensed as incurred
  • Operating costs should be expensed as incurred 

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*Not EU endorsed as at 26 November 2015. Read more on EU Endorsement.

IFRSs referred to by SIC 32

Current proposals

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 first quarter of 2016. 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 26 November 2015.