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Sep 04, 2003· IFRIC 1 contains guidance on accounting for changes in decommissioning, restoration and similar liabilities that have previously been recognised both as part of the cost of an item of property, plant and equipment under IAS 16 ''Property, Plant and Equipment'' and as a provision (liability) under IAS 37 ''Provisions, Contingent Liabilities and Contingent Assets''.

Rio Tinto plc – Annual report – 31 December 2018 Industry: mining 1 Principal accounting policies (extract) (h) Deferred stripping (note 14) In open pit mining operations, overburden and other waste materials must be removed to access ore from which minerals can be extracted economically. The process of removing overburden and waste materials is referred.

In Note P, you disclose that portions of the Cortez Hills and Pipeline deposit reserves were reclassified as mineralized material following technical and economic reviews of the mine plans, and that the Crossroads extension to the Pipeline mine was added to reserves in 2005. Please provide a detailed explanation of your disclosure.

Accounting for the extractive industries is a specialist area that requires expertise and an understanding of the business. On this page you can access a range of articles, books and online resources providing quick links to practical guidance and background information, including the Statement of Recommended Practice: Accounting for Oil and Gas Exploration, Development, Production and ...

International financial reporting standards (IFRSs) IFRSs are international accounting standards issued by the IASB. Financial Reporting Faculty members are reminded that to access electronic versions of IFRS through the links in these standard trackers you need to have first logged into eIFRS. IFRS 1 Firsttime Adoption of IFRS; IFRS 2 Share ...

The IFRS Foundation''s logo and the IFRS for SMEs ® logo, the IASB ® logo, the ''Hexagon Device'', eIFRS ®, IAS ®, IASB ®, IFRIC ®, IFRS ®, IFRS for SMEs ®, IFRS Foundation ®, International Accounting Standards ®, International Financial Reporting Standards ®, NIIF ® and SIC ® are registered trade marks of the IFRS Foundation, further details of which are available from the IFRS ...

Most of his experience has been gained in the mining industry over the last 27 years. It covers a range of technical and project work of a geotechnical, hydrogeological, hydrological and tailings or mine waste nature, including a number of environmental engineering projects.

This is a list of the International Financial Reporting Standards (IFRSs) and official interpretations, as set out by the IFRS Foundation. It includes accounting standards either developed or adopted by the International Accounting Standards Board (IASB), the standardsetting body of the IFRS Foundation. The IFRS include

The IFRIC considered the accounting treatment of certain changes in decommissioning provisions. It considered the accounting treatment for the effect of changes in: the discount rate as defined in paragraph 47 of IAS 37 Provisions, Contingent Liabilities and Contingent Assets and estimated cash ...

report, titled "Development of Indian Mining Industry – The Way Forward" is a collective document on the current requirements of the Indian mining industry. 5 ... Exhibit Production of Limestone 200102 to 201112 43 ...

Revenue, Financial Instruments and IFRS Convergence Are you Ready for 2018 ? ... Note: There may be a potential deviation from IFRS for Banks due to MAS 612 requirements for Individual ! ... Decommissioning liabilities included in the cost of PPE 18. Decommissioning liabilities related to .

requirements of the Companies Act of South Africa. ... current mine closure rehabilitation and mine closure/decommissioning costs. ... We engaged, as part of our team, our IFRS technical experts to review management''s diagnostic impact assessment which identified the differences

in the mining industry International Financial Reporting Standards 6th edition. International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an ... how IFRS is applied in practice by mining companies. This publication identifies the

2 | IFRS 1 FirstTime Adoption of International Financial Reporting Standards This fact sheet is based on existing requirements as at 31 December 2015 and does not take into account recent standards and interpretations that have been issued but are not yet effective.

ENGIE SA – Annual report – 31 December 2018 Industry: utilities NOTE 20 PROVISIONS Accounting standards General principles related to the recognition of a provision The Group recognizes a provision where it has a present obligation (legal or constructive) towards a third party arising from past events and where it is probable that an outflow.

between accounting quality studies and environmental accounting studies. This research paper makes a critical appraisal of the contemporary environmental accounting literature and examines whether international financial reporting standards (IFRS) can contribute towards the monitoring and protection of the environment.

See operating, financing and investing activities for a technical explanation of the components of a cash flow statement.. The cash flow statement is an addition to the balances sheets in the statement of financial position and the income statement or may be call it a ''bridge'' statement in between those two main statements.

This is an example in a small series for illustrating the concepts in What is a good or service that is distinct?. Scenario C >>>>> See scenario A here, and scenario B here. Introduction from scenario B. The vendor''s contract with its customer is the same as in scenario A, except that as part of the installation service the software is to be substantially customised in

Jul 05, 2017· Accounting for Decommissioning Provisions under IFRS. Posted on July 5, ... Your technical expert might strongly believe that in 2050 it will be possible to take down an oil rig in a day, but you can''t bank on it! ... Decommissioning IFRS Accounting PPE (IAS 16 and related) Leave a comment.

Sweden''s Transport Administration is planning to build a new highspeed rail network, linking the country''s three major cities. The East Link, 150km of new railway from Stockholm to Linköping, will form the first part of this network.

Nov 14, 2019· Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") reports its operational and financial results for the third quarter of 2019 . All amounts are in dollars unless otherwise indicated. This release should be read in conjunction with the Company''s third quarter 2019 Financial Statements and MDA on the Company''s website or on SEDAR.

New Mexico: An ISL Mining Perspective, IAEA, Technical Committee Meeting on Recent Developments in Uranium Resources, Production and Demand Vienna, 1013 June, 1997. 4. Exhibit D of Mr. Wallace''s testimony concerns a figure from a paper written by me describing uranium deposits at HRI, Inc.'' s Crownpoint proposed production site.

IFRS IN PRACTICE AN OERIE OF IFRS 6 EXPLORATION FOR AND EVALUATION OF MINERAL RESOURCES 3 INTRODUCTION This issue of IFRS in Practice summarises the requirements of IFRS 6 Exploration for and Evaluation of Mineral Resources, and looks at a number of practical issues which often arise in practice.

Environmental Accounting and IFRS. ... IFRS 6 permits a mining company to select an accounting policy of either ... IFRS requires that decommissioning provisions be recogni zed when a present ...
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