Les couts de recherche et de developpement des hydrocarbures: prise en compte, amortissement et evaluation

Annexe 5

Basis for conclusions on Exposure Draft

ED6

L'annexe 5 est une reproduction du document annexé au projet de norme ED6. Ce document explique le fondement des différentes positions prises par le conseil de l'IASB lors de la préparation dudit projet de norme.

January 2004 Basis for Conclusions

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BASIS FOR CONCLUSIONS ON EXPOSURE DRAFT

ED 6 Exploration for and

Evaluation of Mineral R ource

Comments to be received by 16 April 2004

International

.⁴a counting Stsindaedh Bueed'

Basis for Conclusions on
Exposure Draft

ED 6 EXPLORATION FOR
AND EVALUATION OF
MINERAL RESOURCES

Comments to be received by 16 April 2004

(c) Copyright IASCF 2

ED 6 EXPLORATION FOR AND EVALUATION OF MINERAL RESOURCES

This Basis for Conclusions accompanies the proposed International Financial Reporting Standard (IFRS) set out in ED 6 Exploration for and Evaluation of Mineral Resources (see separate booklet). Comments on the draft IFRS and the Basis for Conclusions should be submitted in writing so as to be received by 16 April 2004.

All responses will be put on the public record unless the respondent requests confidentiality. However, such requests will not normally be granted unless supported by good reason, such as commercial confidence. If commentators respond by fax or email, it would be helpful if they could also send a hard copy of their response by post. Comments should preferably be sent by email to: [e-mail] or addressed to:

Colin Fleming

International Accounting Standards Board

30 Cannon Street, London EC4M 6XH, United Kingdom

Fax: [phone]

Copyright (c) 2004 International Accounting Standards Committee Foundation (IASCF)

ISBN for this part: 1-904230-38-5

ISBN for complete publication (two parts): 1-904230-39-3

All rights reserved. Copies of the draft IFRS and the Basis for Conclusions may be made for the purpose of preparing comments to be submitted to the IASB, provided such copies are for personal or intra-organisational use only and are not sold or disseminated and provided each copy acknowledges the International Accounting Standards Committee Foundation's copyright and sets out the IASB's address in full. Otherwise, no part of this publication may be translated, reprinted or reproduced or utilised in any form either in whole or in part or by any electronic, mechanical or other means, now known or hereafter invented, including photocopying and recording, or in any information storage and retrieval system, without permission in writing from the International Accounting Standards Committee Foundation.

The IASB logo/«Hexagon Device», «IAS», «IASB», «IASCF», «IASC», «IFRIC», «IFRS», «International Accounting Standards» and «International Financial Reporting Standards» are Trade Marks of the International Accounting Standards Committee Foundation.

Additional copies of this publication may be obtained from:

IASCF Publications Department,

1st Floor, 30 Cannon Street, London EC4M 6XH, United Kingdom.

Tel: [phone] Fax: [phone] Email: [e-mail] Web: www.iasb.org

3 (c) Copyright IASCF

BASIS FOR CONCLUSIONS ON EXPOSURE DRAFT JANUARY 2004

Contents

Basis for Conclusions

ED 6 Exploration for and Evaluation of Mineral Resources

paragraphs

INTRODUCTION BC1-5

APPLICATION OF IFRSs TO ENTITIES ENGAGED IN THE EXPLORATION FOR AND EVALUATION OF MINERAL

RESOURCES BC6-7

TEMPORARY CONTINUATION OF SOME EXISTING

ACCOUNTING PRACTICES BC8-11

RECOGNITION OF EXPLORATION AND EVALUATION ASSETS BC12-14

IMPAIRMENT OF EXPLORATION AND EVALUATION ASSETS BC15-27

The level at which impairment is assessed BC15-23

Identifying an asset that may be impaired B4-26

Reversal of impairment losses B7

CHANGES IN ACCOUNTING POLICIES B8

CLASSIFICATION OF EXPLORATION AND EVALUATION

ASSETS B9-31

DISCLOSURE BC32-34

EFFECTIVE DATE BC35-37

APPENDIX

Alternative views AV1-4

(c) Copyright IASCF 4

ED 6 EXPLORATION FOR AND EVALUATION OF MINERAL RESOURCES

Basis for Conclusions on

ED 6 Exploration for and Evaluation of Mineral Resources

This Basis for Conclusions accompanies, but is not part of, the draft IFRS.