Stripping Costs in the Production Phase of a Surface Mine – Amendments to PBE IPSAS 12 Inventories
Stripping Costs in the Production Phase of a Surface Mine is an amending Standard that updates PBE IPSAS 12.
The amendments provide interpretive guidance on when to capitalise or expense costs incurred to remove waste material in surface mining operations.
The amendments are based on Stripping Costs in the Production Phase of a Surface Mine (Amendments to IPSAS 12) issued by the International Public Sector Accounting Standards Board (IPSASB) which in turn are aligned with IFRIC 20 Stripping costs in the Production Phase of a Surface Mine.
Commencement and Application
Application of this amending standard is required for accounting periods which begin on or after 1 January 2027.
Application is permitted for accounting periods that begin before 1 January 2027 but have not ended or do not end before 17 July 2026.
Amendment
-
Additional materials