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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|Annual period starts
||Effective version of standard
||Notes on amendments|
|On or after 1 January 2020||SIC 32 2019 Issued Standards
||Includes amendments 1 - 3
|1 January 2019 – 31 December 2019||SIC 32 2019 Required Standards
||Includes amendments 1 and 2
|1 January 2018 – 31 December 2018
||SIC 32 2018 Required Standards
||Includes amendment 1
|1 January 2016 – 31 December 2017
||SIC 32 2017 Required Standards
||Does not include any amendments
Required Standards book for a particular year assumes that there is no early application of issued but not yet effective IFRSs; The Issued Standards book assumes early application of all issued IFRSs.
For the latest version of the standard, and where amendments (including IFRS 9) are to be adopted early, refer to SIC 32 2019 Issued Standards.
Full access to details of all the amendments is only available to Financial Reporting Faculty members. Find out how to join the faculty.
- IFRS 15 Revenue from Contracts with Customers amendments to SIC 32
- IFRS 16 Leases amendment to SIC 32
- Amendments to References to the Conceptual Framework in IFRS Standards – amendment to SIC 32*
Effective for annual periods beginning on or after 1 January 2020. Earlier application is permitted, if at the same time an entity also applies the amendments to other IFRS Standards.
SIC 32 is amended to refer to the Conceptual Framework rather than the Framework in the context of recognising an expense for website hosting costs.
*Not EU endorsed as at 21 March 2019.
IFRSs referred to by SIC 32
This page was last updated 20 April 2018
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