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  • Section D: Book value approach

    Attention

    Only complete section D if the entity used the book value approach to value its starting base assets for its interest in the exploration permit, retention lease, petroleum project or combined project.

    End of attention

    Question 24: Has the entity chosen the book value approach for its interest in the exploration permit, retention lease, petroleum project or combined project?

    If the entity:

    • has not chosen the book value approach for its interest in the exploration permit, retention lease, petroleum project or combined project, place an X in the 'No' box and go to section E
    • has chosen the book value approach for its interest in the exploration permit, retention lease, petroleum project or combined project, place an X in the 'Yes' box.

    Question 25: Date of audited accounts or auditor's report

    If the values used have come from both the audited financial accounts and the auditor's report which relates to the audited financial accounts, place an X in the box.

    Insert the date of either:

    • the audited financial accounts, if most of the values have come from the audited financial accounts
    • the auditor's report, if most of the values have come from the auditor's report.

    Question 26: Period to which the audited accounts relate

    Insert the date of the first day of the period to which the audited financial accounts relate in the first set of boxes, and the date of the last day of the period to which the audited financial accounts relate in the second set of boxes.

    Question 27: Value of starting base assets from audited accounts or auditor's report

    Insert at label 27A the total value of all starting base assets relating to the entity's interest in the exploration permit, retention lease, petroleum project or combined project excluding any uplift.

    Question 28: Uplift applied

    Insert at label 28B the amount of uplift applied to all starting base assets relating to the entity's interest in the exploration permit, retention lease, petroleum project or combined project.

    Question 29: Adjusted interim expenditure

    Insert at label 29C the total amounts of adjusted interim expenditure incurred during the interim period for all starting base assets relating to the entity's interest in the exploration permit, retention lease, petroleum project or combined project.

    Question 30: Reductions applied

    Insert at label 30D the total value of reductions applied (including partial disposals) to the starting base amounts of the starting base assets for the entity's interest in the exploration permit, retention lease, petroleum project or combined project.

    Question 31: Total starting base amount on 30 June 2012

    Insert at label 31E the total starting base amount on 30 June 2012. This is calculated by adding the value of starting base assets from the audited accounts or auditor's report, the uplift applied and the adjusted interim expenditure, and subtracting any reductions applied (27A + 28B + 29C - 30D).

    Last modified: 12 May 2014QC 56555