55 paragraphs found in AASB 6
This Standard repeals AASB 6 Exploration for and Evaluation of Mineral Resources issued in December 2004. Despite the repeal, after the time this Standard starts to apply under section 334 of the Corporations Act (either generally or in relation to an …
Exploration and evaluation expenditures recognised as assets in accordance with the entity’s accounting policy. …
area of interest 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 field. economically recoverable …
Paragraphs 23–25 do not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities. Compilation detailsAccounting …
Standard Date made FRL identifier Commence-ment date Effective date(annual periods … on or after …) Application, saving or transitional provisions AASB 6 7 Aug 2015 F2015L01608 31 Dec 2015 (beginning) 1 Jan 2016 see (a) below AASB 2019-1 21 May 2019 …
Paragraph affected How affected By … [paragraph/page] AusCF1 added AASB 2019-1 [page 10] 10 amended AASB 2019-1 [page 10] AusCF10 added AASB 2019-1 [page 10] 26A added AASB 2019-1 [page 10] Aus27.1 repealed Legislation Act 2003, s. 48D Appendix C added …
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 …