Near Final Draft of IFRIC 20 published
10 Aug 2011
A near final draft of IFRIC Interpretation 20 'Stripping Costs in the Production Phase of a Surface Mine' has been posted to the IASB's website.
The Interpretation addresses the following issues:
- recognition of production stripping costs as an asset;
- initial measurement of the stripping activity asset; and
- subsequent measurement of the stripping activity asset.
The near final draft (PDF 226k, link to IASB website) is available to eIFRS subscribers only.