Exposure Draft (ED) 87, Stripping Costs in the Production Phase of a Surface Mine

The International Public Sector Accounting Standards Board (IPSASB) ED 87 proposes adding an authoritative appendix to IPSAS 12, Inventories. The proposed guidance clarifies when to capitalise 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.

Accessing the Exposure Draft

IPSAS ED 87 Stripping Costs in the Production Phase of a Surface Mine (Amendments to IPSAS 12) 

You may also want to read the IPSASB’s At a Glance document of the Exposure Draft Proposal. 

How to provie feedback

Please submit your feedback directly to the IPSASB by 31 May 2024. Additionally, we encourage you to also send a copy of your submission to accounting@xrb.govt.nz.