Related Discussions

• Accounting for stripping costs in the production phase of a mine

• 20 Sep, 2011

• The IASB tentatively decided that IFRIC 20 did not need to be re-exposed and approved the Interpretation, subject to its final review of drafting changes.

• IAS 16 – Accounting for production phase stripping costs in the mining industry

• 07 Jul, 2011

• The IFRS Interpretations Committee considered three issues arising from the drafting of the near final Interpretation.

• IFRS Interpretations Committee – update from last meeting

• 19 May, 2011

• The IASB staff provided the IASB members with an update from the 5-6 May 2011 IFRS Interpretations Committee.

• IAS 16 – Accounting for production phase stripping costs in the mining industry

• 05 May, 2011

• The IFRS Interpretations Committee considered a revised draft Interpretation on this topic and discussed: (1) the recognition principle (2) the method of allocating costs between current and future periods (3) impairment (4) transition (5) the treatment of existing stripping costs assets (6) removal of the illustrative example

• IAS 16 – Accounting for production phase stripping costs in the mining industry

• 10 Mar, 2011

• The Committee continued its re-deliberations discussing the staff's revised principle for capitalising production stripping costs, including proposed guidance on the apportionment of those costs between current (inventory/ expense) and future benefit (defer/capitalise). In addition, the Committee discussed a revised approach to depreciation and amortisation of the capitalised component.

• Administrative matters – video of multi-ore mine in Australia

• 10 Mar, 2011

• The IFRS Interpretations Committee and observers in the meeting room were shown a short video of the proposed development of a large, multi-ore mine in Australia, which is one of the world's largest ore bodies containing copper, gold, silver and uranium.

• IAS 16 – Accounting for stripping costs in the production phase of a mine

• 06 Jan, 2011

• The IFRS Interpretations Committee redeliberated its previous conclusions in light of comment letters received, agreeing to move forward with the project and discussing (1) whether to abandon the "stripping campaign" concept (2) whether to account for the asset under IAS 16 or IAS 38 (3) whether to remove the Illustrative Example.

• IAS 16 — Accounting for production phase stripping costs in the mining industry

• 08 Jul, 2010

• The IFRS Interpretations Committee discussed the final draft of the proposed Interpretation on accounting for stripping costs in the production phase of a mine.

• IAS 16 — Accounting for production phase stripping costs in the mining industry

• 06 May, 2010

• The Committee discussed a working draft of a draft Interpretation on accounting for stripping costs in the production phase of a mine.

• IAS 16 — Accounting for production phase stripping costs in the mining industry

• 04 Mar, 2010

• The IFRIC continued its deliberations on the accounting treatment for stripping costs during the production stage of a mine.

• IAS 16 — Accounting for production phase stripping costs in the mining industry

• 07 Jan, 2010

• The IFRIC discussed how to define the scope of its project on accounting for stripping costs in the production phase of a mine.