IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine

An entity shall recognise a stripping activity asset if, and only if, all of the following are met: a) it is probable that the future economic benefit (improved access to the ore body) associated with the stripping activity will flow to the entity; b) the entity can identify the component of the ore body for which access has been improved; and c) the costs relating to the stripping activity associated with that component can be measured reliably.