International GAAP 2021

Chapter 43Extractive industries

• 1 INTRODUCTION AND BACKGROUND
  • 1.1 Defining extractive industries
    • 1.1.1 Definition of key terms
  • 1.2 The development of IFRS 6 – Exploration for and Evaluation of Mineral Resources
  • 1.3 April Discussion Paper: Extractive Activities
    • 1.3.1 Definitions of reserves and resources
    • 1.3.2 Asset recognition
    • 1.3.3 Asset measurement
    • 1.3.4 Disclosure
    • 1.3.5 Publish What You Pay proposals
    • 1.3.6 Status of Extractive Activities project
  • 1.4 Status of the Statement of Recommended Practice, UK Oil Industry Accounting Committee, June (OIAC SORP)
  • 1.5 Guidance under national accounting standards
  • 1.6 Upstream versus downstream activities
    • 1.6.1 Phases in upstream activities
• 2 MINERAL RESERVES AND RESOURCES
  • 2.1 International harmonisation of reserve reporting
  • 2.2 Petroleum reserve estimation and reporting
    • 2.2.1 Basic principles and definitions
    • 2.2.2 Classification and categorisation guidelines
  • 2.3 Mining resource and reserve reporting
    • 2.3.1 CRIRSCO International Reporting Template (November)
      • 2.3.1.A Scope
      • 2.3.1.B Reporting terminology
  • 2.4 Disclosure of mineral reserves and resources
    • 2.4.1 Oil and gas sector
    • 2.4.2 Mining sector
    • 2.4.3 Disclosure of the value of reserves
      • 2.4.3.A ASC 932-235-50 – Disclosure of Standardised Measure of Oil and Gas
• 3 IFRS 6 – EXPLORATION FOR AND EVALUATION OF MINERAL RESOURCES
  • 3.1 Objective and scope
    • 3.1.1 Scope exclusions in other standards relating to the extractive industries
  • 3.2 Recognition of exploration ...