Exploration for and Evaluation of Mineral Resources This version includes amendments resulting from IFRSs issued up to 17 January 2008. IFRS 6 Exploration for and Evaluation of Mineral Resources was issued by the International Accounting Standards Board in December 2004. IFRS 6 and its accompanying documents have been amended by the following IFRSs: • • • Amendments to IFRS 1 and IFRS 6 (issued June 2005) IFRS 8 Operating Segments (issued November 2006) IAS 1 Presentation of Financial Statements (as revised in September 2007) | IFRS 6 International Financial Reporting Standard 6 Exploration for and Evaluation of Mineral Resources This version includes amendments resulting from IFRSs issued up to 17 January 2008. IFRS 6 Exploration for and Evaluation of Mineral Resources was issued by the International Accounting Standards Board in December 2004. IFRS 6 and its accompanying documents have been amended by the following IFRSs Amendments to IFRS 1 and IFRS 6 issued June 2005 IFRS 8 Operating Segments issued November 2006 IAS 1 Presentation of Financial Statements as revised in September 2007 . IASCF 717 IFRS 6 Contents paragraphs INTRODUCTION IN1-IN5 INTERNATIONAL FINANCIAL REPORTING STANDARD 6 EXPLORATION FOR AND EVALUATION OF MINERAL RESOURCES OBJECTIVE 1-2 SCOPE 3-5 RECOGNITION OF EXPLORATION AND EVALUATION ASSETS 6-7 Temporary exemption from IAS 8 paragraphs 11 and 12 6-7 MEASUREMENT OF EXPLORATION AND EVALUATION ASSETS 8-14 Measurement at recognition 8 Elements of cost of exploration and evaluation assets 9-11 Measurement after recognition 12 Changes in accounting policies 13-14 PRESENTATION 15-17 Classification of exploration and evaluation assets 15-16 Reclassification of exploration and evaluation assets 17 IMPAIRMENT 18-22 Recognition and measurement 18-20 Specifying the level at which exploration and evaluation assets are assessed for impairment 21-22 DISCLOSURE 23-25 EFFECTIVE DATE 26 TRANSITIONAL PROVISIONS 27 APPENDICES A Defined terms B Amendments to other IFRSs APPROVAL OF IFRS 6 BY THE BOARD APPROVAL OF AMENDMENTS TO IFRS 1 AND IFRS 6 BY THE BOARD BASIS FOR CONCLUSIONS DISSENTING OPINIONS 718 iascf IFRS 6 International Financial Reporting Standard 6 Exploration for and Evaluation of Mineral Resources IFRS 6 is set out in paragraphs 1-27 and Appendices A and B. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Terms defined in Appendix A are in italics the first time they appear in the Standard. Definitions of other terms are given in .
