发帖
雷达卡
【出版时间及名称】：2010年2月全球矿产行业研究报告
【作者】：加拿大皇家商业银行
【文件格式】：pdf
【页数】：68
【目录或简介】：
Table of Contents
Executive Summary and Implications for Investors....................................................................3
IFRS Impact on Equity Valuation.................................................................................................6
P/E: High Impact ..............................................................................................................................7
EV/EBITDA: Medium Impact..........................................................................................................8
P/Book: Medium Impact...................................................................................................................8
Adjusted Market Cap/Oz: Low Impact .............................................................................................9
P/CF: Low/No Impact.......................................................................................................................9
P/NAV: No Impact ...........................................................................................................................9
IFRS — What Is It?......................................................................................................................10
Basis of Accounting Standards .......................................................................................................10
Benefits and Drawbacks of IFRS....................................................................................................10
Timeline for Canadian Adoption of IFRS.......................................................................................11
Canadian Conversion to IFRS ........................................................................................................11
U.S. Conversion to IFRS ................................................................................................................15
History of IFRS..............................................................................................................................16
IFRS — What Are the Changes in the Context of Mining Companies?..................................18
Extractive Activities Project: Beyond IFRS Adoption ...................................................................18
First-Time Adoption of International Financial Reporting Standards (IFRS 1) .............................18
Mining Reserves — Determining the Cost of Exploration and Evaluation Assets
(IFRS 6, IAS 16, IAS 38)................................................................................................................24
Impairment (IFRS 6, IAS 36) .........................................................................................................26
Property Plant & Equipment (PP&E) (IAS 16) ..............................................................................29
Joint Ventures (IAS 31) ..................................................................................................................34
Constructive Obligation (IAS 37) ...................................................................................................38
Financial Instruments (IAS 32, IAS 39, IFRS 7, IFRS 9)...............................................................38
Provisions for Asset Retirement (IAS 37, IAS16, IAS 2)...............................................................43
Capitalized Interest (IAS 23) ..........................................................................................................44
Stock-Based Compensation (IFRS 2) .............................................................................................45
Deferral of Stripping Costs .............................................................................................................45
Any Changes in Format? ................................................................................................................45
Looking Back at the Adoption of IFRS in Europe (2005) .........................................................47
IFRS Case Study: Xstrata plc. .....................................................................................................48
General Comments on Xstrata’s Adoption of IFRS in 2005...........................................................48
Changes to Xstrata’s 2004 Income Statement ................................................................................52
Changes to Xstrata’s 2004 Cash Flow Statement ...........................................................................54
Changes to Xstrata’s 2004 Balance Sheet.......................................................................................54
Appendix I: IFRS Standards .......................................................................................................60
Companies Mentioned..................................................................................................................63
Required Disclosures ....................................................................................................................64
Disclaimer......................................................................................................................................68
京公网安备 11010802022788号
