Costs are construed as probable decreases, in the reporting period, in economic benefits with a reliably determined value in the form of a decrease in the value of assets or an increase in the value of liabilities and reserves which will lead to a decrease in equity or an increase in a shortage of equity in a manner different than a withdrawal of funds made by the shareholders or owners.
Costs are recognized in the statement of comprehensive income on the basis of the direct relation between the costs incurred and the specific income earned, i.e. using the commensurability principle, through the prepayments and accruals and deferred income account.
JSW S.A. keeps full records of costs, i.e. the costs are captured by type and by business segments. The Company presents a division of costs captured in the financial result by function of expenditure.
