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  • Section C: Mining revenue and expenditure

    Attention

    For MRRT purposes, any amounts of pre-mining revenue derived or pre-mining expenditure incurred by a PMPI are treated as mining revenue or mining expenditure respectively.

    If a starting base adjustment event happens for a starting base asset during the return period (such as the sale of the asset), an adjustment may need to be made to the mining revenue of the MPI. For more information, refer to MRRT adjustments, concessions and offsets.

    End of attention

    For reporting purposes only, translate the sum of revenue amounts, mining revenue, operating mining expenditure, and capital mining expenditure from your applicable functional currency into Australian dollars. The exchange rate day is the last day of the MRRT year for an MPI.

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    Accounting for MRRT

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    Question 9 Sum of revenue amounts

    Insert at label 9A the sum of all revenue amounts from all mining revenue events for the interest during the return period. Do not include in this amount mining revenue that did not come from mining revenue events. The revenue amount is the amount before reasonable attribution has been undertaken. Insert the total tonnage of resource from which the revenue amounts have been generated.

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    How to work out mining revenue>

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    Question 10 Sum of mining revenue

    Insert at label 10B the sum of mining revenue for the interest for this return period. This includes both mining revenue from mining revenue events (after reasonable attribution has been undertaken) and other mining revenue.

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    How to work out mining revenue

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    Question 11 Sum of operating mining expenditure

    Insert at label 11C the sum of operating mining expenditure for the interest for this return period. The method for calculating operating mining expenditure should be consistent with general accounting principles.

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    How to work out mining expenditure

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    Question 12 Sum of capital mining expenditure

    Insert at label 12D the sum of capital mining expenditure for the interest for this return period. The method for calculating capital mining expenditure should be consistent with general accounting principles.

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    How to work out mining expenditure

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    Question 13 Sum of mining expenditure

    Insert at label 13E the sum of mining expenditure for the MPI for this return period. This is the sum of operating mining expenditure (11C) and the sum of capital mining expenditure (12D).

    Last modified: 13 Sep 2013QC 26704