Good Exploration For And Evaluation Of Mineral Resources Last Update

Information of Good Exploration For And Evaluation Of Mineral Resources Last Update and other exploration and evaluation assets

Good Exploration For And Evaluation Of Mineral Resources Last Update exploration and evaluation assets exploration for and evaluation of mineral resources 5 An entity shall not apply the IFRS to expenditures incurred a before the exploration for and evaluation of mineral resources such as expenditures incurred before the entity has obtained the legal rights to explore a specific area exploration and evaluation assets IFRS 6 Exploration for and Evaluation of Mineral Resources IFRS 6 Exploration for and Evaluation of Mineral Resources Last updated March 2020 This communication contains a general overview of the topic and is current as of March 31 2020 The application of the principles addressed will depend upon the particular facts and circumstances of International Financial Reporting Standards IFRS Exploration and evaluation assets shall be measured at cost at recognition The following are examples of expenditures that might be included in the initial measurement of exploration and evaluation assets the list is not exhaustive acquisition of rights to explore topographical geographical geochemical and geophysical studies Exploration for and Evaluation of Mineral Resources 8 Exploration and evaluation assets shall be measured at cost Elements of cost of exploration and evaluation assets 9 An entity shall determine an accounting policy specifying which expenditures are recognised as exploration and evaluation assets and apply the policy consistently In making this determination an entity considers IFRS 6 Exploration for and Evaluation of Mineral Resources Further exploration and evaluation neither budgeted nor planned No discoveries of commercially viable quantities of resources and decision to discontinue exploration Although development is likely to proceed the carrying value of E E assets is unlikely to be recovered in full ifrs 6 pdf, ifrs 6 summary, ifrs 6, ifrs 6 full text, ifrs 6 pwc, mineral exploration and evaluation pdf, mineral resource evaluation article, difference between assessment and measurement, ifrs 6 pdf, ifrs 6 summary, ifrs 6, ifrs 6 full text, ifrs 6 pwc, mineral exploration and evaluation pdf, mineral resource evaluation article, difference between assessment and measurement,

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