The Notes in the BG Group 201 I Annual Report included the following extract: Decommissioning costs The
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The Notes in the BG Group 201 I Annual Report included the following extract:
Decommissioning costs The estimated cost of decommissioning at the end of the producing lives of fields is reviewed at least annually and engineering estimates and reports are updated periodically. Provision is made for the estimated cost of decommissioning at the statement of financial position date, to the extent that current circumstances indicate BG Group will ultimately bear this cost.
Explain why the provision has been increased in 2010 and 201 I by the unwinding of discount and why these increases are for different amounts.
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Related Book For
Financial Accounting And Reporting
ISBN: 9780273778172
16th Edition
Authors: Mr Barry Elliott, Jamie Elliott
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