Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Accounting Standards Board of the External Reporting Board (XRB) has issued NZ Equivalent to IFRIC Interpretation 20 Stripping Costs in the Production Phase
of a Surface Mine (NZ IFRIC 20).
NZ IFRIC 20:
- applies to all for-profit reporting entities and groups, other than where expressly exempted by its terms, the terms of any other approved accounting standard or by law;
- applies to annual periods beginning on or after 1 January 2013; and
- is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
NZ IFRIC 20 is available on the XRB’s website at
Copies may be purchased by emailing firstname.lastname@example.org
Dated this 20th day of December 2011.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.