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Version date: 9 April 2024 - onwards
Version 2 of 2

Project timing (para. BC57)

BC57 The Board also concluded that disclosure of the number of years since exploration started and the estimated time remaining until a decision could be made about development would apply only to large scale exploration activities. It noted that if the project is significant, paragraph 112(c) of IAS 1 already requires its disclosure, ie as additional information that is necessary for an understanding of the financial statements. [When it issued IFRS 18, the IASB carried over paragraph 112(c) of IAS 1 to paragraph 113(c) of IFRS 18.]