Study of financial reporting in the mining industry
04 Nov 2003
Deloitte Touche Tohmatsu has published Financial Reporting in the Global Mining Industry, a survey of the financial reporting practices in 21 of the world's leading mining companies based on a review of their published annual financial statements and supplementary data.
The 21 companies are domiciled in 9 different countries and use 7 different accounting frameworks for preparing their financial statements. We looked at their reporting in many key areas: accounting for exploration costs and mine development, the amortisation of capitalised costs, impairment, provisions for costs to be incurred after mine closures, establishing fair values in a business combination, and reporting interests in joint ventures. We are pleased to make this report available without charge. Click to (PDF 1249k).