3 Judgement made by management in applying accounting policies
The judgements that have been made in the process of applying accounting policies that have the most significant effect on the amounts recognised in the financial statements include:
Borrowing costs
– The PTA has made a determination to expense all borrowing costs associated with the construction of capital projects such as New MetroRail as allowed by the alternative accounting treatment under AASB 123 ‘Borrowing Costs’.