Search Definitions

Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing …

A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the …

A joint venturer is a party to a joint venture that has joint control of that joint venture. …

Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those …

Exploration and evaluation expenditures recognised as assets in accordance with the entity’s accounting policy. …

Borrowing costs are interest and other costs that an entity incurs in connection with the borrowing of funds. …

A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale. …

For the purposes of this Statement: …

“control” means the capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in achieving the objectives of the …

“economic entity” means a group of entities comprising a controlling entity and one or more controlled entities operating together to achieve objectives consistent with those of the controlling …