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.
  • The application of IFRS 15 to miners
Technical update:

The application of IFRS 15 to miners

02 October 2018

Original content provided by BDO Global

It is reasonable to say that the mining sector is far less impacted by IFRS 15 “Revenue from Contracts with Customers” than sectors such as telecoms, software, construction and indeed mining service companies.

However, it is wrong to assume that miners are not impacted by this new standard and mining companies need to consider potential impact areas.

To analyse IFRS 15, it is necessary to consider whether the contract is within the scope of the standard and the five key steps in application of the standard.