Примеры использования Exploration expenditures на Английском языке и их переводы на Русский язык
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Colloquial
Review of the recommendations for the guidance of contractors on the reporting of actual and direct exploration expenditures.
Most companies reduced exploration expenditures and focused on cost reduction, new mining techniques and product quality.
Furthermore, it had not been possible to distinguish between environmental expenditure and other exploration expenditures in every report submitted.
Exploration expenditures increased by 45% QoQ to $7.4mn because of increased drilling activity at Kumtor mine.
The Commission had adopted new recommendations for contractors of the Authority on the reporting of actual and direct exploration expenditures under contracts with the Authority.
O Any other actual and direct exploration expenditures not covered under the above headings, but forming part of the programme of activities under the contract.
In carrying out such work the Contractor shall spend in each contract year not less than the amount specified in such programme, or any agreed review thereof,in actual and direct exploration expenditures.
Some contractors reported expenditures that are clearly not"actual and direct exploration expenditures" as defined in the regulations and the 2009 Recommendations.
Provide detailed financial statements, in accordance with the terms of their contracts andfollowing the guidance of the Commission contained in the recommendations for the guidance of contractors for the reporting of actual and direct exploration expenditures;
Recommendations for the guidance of contractors for the reporting of actual and direct exploration expenditures as required by annex 4, section 10, of the Regulations on Prospecting and Exploration for Polymetallic Nodules in the Area.
The Commission notes that in accordance with paragraph 10.2(c) of annex 4 of the standard clauses for exploration contracts contained in the Regulations,contractors could claim as a part of the development costs any actual and direct exploration expenditures incurred by the contractor.
Also decides, subject to the present decision, that such expenditures shall be treated as actual and direct exploration expenditures as referred to in section 10.2(c) of the standard clauses for exploration contracts contained in annex 4 to the Regulations;
Contractors were also invited to provide a comprehensive breakdown of expenditures incurred during the five-year period under review,in the format recommended by the Legal and Technical Commission in its 2009 Recommendations for the guidance of contractors for the reporting of actual and direct exploration expenditures ISBA/15/LTC/7.
This concept has been recognized in the regulations for polymetallic nodules,where the standard terms of contract suggest that actual exploration expenditures, declared in annual reports, may be set off against the eventual profits from mining, although this would need to be developed further in the context of regulations governing exploitation.
Under this agenda item, the Commission considered two matters, namely:(a) whether it was necessary to review the environmental recommendations issued by the Commission in 2001(ISBA/7/LTC/1/Rev.1);and(b) a set of draft recommendations on the reporting of actual and direct exploration expenditures prepared for the Commission by the secretariat.
While efforts are being undertaken by the Legal andTechnical Commission to guide contractors on the reporting of actual and direct exploration expenditures, it is clear that, in the end, these expenditures along with net revenues obtainable by the mining operation form part of a system that informs future contractors for exploitation of their returns.
When economically feasible recoverable reserves(«proven reserves» or«commercial reserves») are found, and in case of internal approval of development, the present value of the costs of acquiring exploration licences and relevant facilities, broken down by field,shall be combined with the exploration expenditures and be transferred to the oil and gas properties.
It is a requirement of the standard clauses for exploration contracts that the financial statements showing the actual and direct exploration expenditures of the contractor in carrying out the programme of activities during the accounting year must be certified by a duly qualified firm of public accountants, or, where the contractor is a State or a state enterprise, by the sponsoring State.
Reaffirming the obligations of contractors with the Authority to comply fully with the terms and conditions of the contract, including the reporting of environmental data andactual and direct exploration expenditures in accordance with the Regulations and the standard terms of contract.
The purpose of these recommendations is to provide guidance to contractors in relation to the books, accounts and financial records to be maintained in accordance with the Regulations, the identification of internationally accepted accounting principles, the format for the presentation of financial information in the annual report, the definition of the actual and direct costs of exploration, andthe form of certification of actual and direct exploration expenditures.
It reaffirmed the obligations of contractors to comply fully with the terms and conditions of the contract, including the reporting of environmental data andactual and direct exploration expenditures in accordance with the applicable Regulations and the standard terms of contracts.
A statement, in conformity with internationally accepted accounting principles and certified by a duly qualified firm of public accountants, or, where the Contractor is a State ora state enterprise, by the sponsoring State, of the actual and direct exploration expenditures of the Contractor in carrying out the programme of activities during the Contractor's accounting year. Such expenditures may be claimed by the Contractor as part of the Contractor's development costs incurred prior to the commencement of commercial production; and.
A statement, in conformity with internationally accepted accounting principles and certified by a duly qualified firm of public accountants, or, where the Contractor is a State ora state enterprise, by the sponsoring State, of the actual and direct exploration expenditures of the Contractor in carrying out the programme of work during the Contractor's accounting year.
After a detailed discussion, including revision of the text prepared by the secretariat,the Commission adopted, on 22 May 2009, recommendations for the guidance of contractors for the reporting of actual and direct exploration expenditures as required by annex 4, section 10, of the Regulations on Prospecting and Exploration for Polymetallic Nodules in the Area ISBA/15/LTC/7.
Recommendations on the reporting of actual and direct exploration expenditure.
Recommended format for the statement of actual and direct exploration expenditure.
IV. Actual and direct exploration expenditure.
In particular, the Commission noted that contractors had only partially followed the Recommendations for guidance on the reporting of actual and direct exploration expenditure issued by the Commission in 2009 ISBA/15/LTC/7.
Total exploration expenditure for 2013 is US$ 2,860,991 including wages and salaries, general administration, boat charter and engineering services.
It also reiterated the difficulty in making any evaluation of actual and direct exploration expenditure when the contractors had not followed the relevant recommendations for guidance.