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Extraction
The process of removing natural resources from the earth, such as mining for minerals or drilling for oil, which can have significant accounting and environmental implications.
Impairment Write-downs
Accounting adjustments made to write off the portion of an asset's carrying amount that exceeds its recoverable amount.
Cash-generating Units
The smallest identifiable group of assets that generates cash inflows largely independent of the cash inflows from other assets or groups of assets.
AASB 6/IFRS 6
Standards guiding the exploration for and evaluation of mineral resources, providing criteria on the recognition and measurement of exploration and evaluation expenditures.
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