BC59 The Board did not propose any special transition in ED 6. Consequently, paragraphs 14-27 of IAS 8 would apply to any changes in accounting that are necessary as a result of the IFRS.

BC60 Some respondents expressed concern about the application of the proposals to prior periods - especially those related to impairment and the inclusion or exclusion of some expenditures from exploration and evaluation assets. In particular, respondents requested that if the Board were to require restatement, it should give transitional guidance on how to identify elements previously recognised as exploration and evaluation assets now outside the definition.