IAASA has published a decision about the accounting treatment applied by Kenmare Resources plc in its 31 December 2023 annual financial statements. This decision focused on the company’s value-in-use (VIU) projections and how they considered climate change.
Kenmare Resources plc provided voluntarily undertakings that future financial statements would:
- expand the property, plant and equipment disclosures and the significant and critical accounting policies in respect of the issuer’s mining contract licence, and
- provide further information on the potential impact of the environmental risks and other assumptions in those VIU projections.
You can find the full financial reporting decision here.