Appendix A (INT20_08-15_COMPmay19_01-20)

An entity shall apply this Interpretation for annual periods beginning on or after 1 January 2016. Earlier application is permitted for periods beginning on or after 1 January 2014 but before 1 January 2016. If an entity applies this Interpretation for an earlier period, it shall disclose that fact.

Paragraphs A2–A4 shall not be applied by an entity that has previously applied Interpretation 20, unless required to do so by a Standard or another Interpretation.

An entity shall apply this Interpretation to production stripping costs incurred on or after the beginning of the earliest period presented.

As at the beginning of the earliest period presented, any previously recognised asset balance that resulted from stripping activity undertaken during the production phase (‘predecessor stripping asset’) shall be reclassified as a part of an existing asset to which the stripping activity related, to the extent that there remains an identifiable component of the ore body with which the predecessor stripping asset can be associated. Such balances shall be depreciated or amortised over the remaining expected useful life of the identified component of the ore body to which each predecessor stripping asset balance relates.

If there is no identifiable component of the ore body to which that predecessor stripping asset relates, it shall be recognised in opening retained earnings at the beginning of the earliest period presented.