The effect of timing of the creation of a constructive obligation on the recognition of a restructuring provision Scenario 1:…
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Accounting for free minutes An operator enters into a service contract with a customer for a period of 12 months.…
AngloGold Ashanti Limited (2010) 1.3 Summary of significant accounting policies [extract] Environmental expenditure The group has long-term remediation obligations comprising…
Vivendi SA (2010) Notes to the Consolidated Financial Statements [extract] Note 1. Accounting Policies and Valuation Methods [extract] 1.3. Principles…
Changes in decommissioning costs – related asset measured at cost An entity has a nuclear power plant and a related…
Fortum Corporation (2010) 1. Accounting Policies [extract] 1.25 Assets and liabilities related to decommissioning of nuclear power plants and the…
Syngenta AG (2011)> 2. Accounting policies [extract] Environmental provisions [extract] Provisions for remediation costs are made when there is a…
Recognising a provision because of a constructive obligation Scenario 1; Environmental policy – contaminated land An entity in the oil…