Exposure Draft (ED) 87, Stripping costs in the Production Phase of a Surface Mine (Amendments to IPSAS 12)

ED 87 proposes adding an authoritative appendix to IPSAS 12, Inventories. The proposed guidance clarifies when to capitalize or expense costs incurred to remove waste material in surface mining operations. ED 87 is aligned with the guidance in IFRIC 20, Stripping costs in the Production Phase of a Surface Mine, with limited changes for the public sector context.

The Consultation is open for public comment until May 31, 2024. Comments must be submitted in English.