Search Definitions

The costs to sell an asset or transfer a liability in the principal (or most advantageous) market for the asset or liability that are directly attributable to the disposal of the asset or the transfer of the liability and meet both of the following …

The costs that would be incurred to transport an asset from its current location to its principal (or most advantageous) market. …

The level at which an asset or a liability is aggregated or disaggregated in a Standard for recognition purposes. …

Inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when pricing the asset or …

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

Expenditures incurred by an entity in connection with the exploration for and evaluation of mineral resources before the technical feasibility and commercial viability of extracting a mineral resource are …

The search for mineral resources, including minerals, oil, natural gas and similar non-regenerative resources after the entity has obtained legal rights to explore in a specific area, as well as the determination of the technical feasibility and …

An individual geological area which is considered to constitute a favourable environment for the presence of a mineral deposit or an oil or natural gas field, or has been proved to contain such a deposit or …

The estimated quantity of product in an area of interest that can be expected to be profitably extracted, processed and sold under current and foreseeable economic …

The following terms are used in this Standard with the meanings specified: …