This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.
  • IFRS Advisory - Natural Resources

IFRS Advisory - Natural Resources

Application of IFRS 9 to the natural resources sector

The origins of IFRS 9 Financial Instruments stem from the global financial crisis and is a very significant standard for the banking sector. Whilst the impact on IFRS 9 is not as great on nonfinancial entities, those in the natural resources sector should not ignore its impacts.

The key features of IFRS 9 to be considered by those in the natural resources sector include:

  • Moving from an incurred loss model to a predicted loss model
  • The strict rules as to which financial assets can be recorded at amortised cost
  • Investments in unlisted shares to be recorded at fair value
  • Simplified hedge accounting rules

See the full report here.

For more information on BDO's global IFRS advisory practice - Click Here

Video Series

Disaggregation of Revenue - Mining By Wayne Basford

Disaggregation of Revenue - Oil & Gas By Susan Oldmeadow - Hall

IFRS 9 - Loans to Associates & JV Issues - By Wayne Basford

Impacts of IFRS 15 on Revenue Recognition in Mining - By Susan Oldmeadow-Hall

IFRS Issues For The Natural Resources Sector - What Does Control Mean? By Wayne Basford