Sample Disclosure – Accounting Policy Of Biological Assets, Forest Replanting Expenditure (11 February 2011)

Biological Assets – Forest planting expenditure

All direct and related expenses incurred on the development of the Company’s Sustainable Forest Ecology and Management Project under the licensed agreement entered into with the State Government of Wonderland is stated at cost and capitalised as biological assets. The expenditure is amortised upon the commencement of log extraction on the basis of the volume of logs extracted during the financial year as a proportion of the total estimated volume of the entire forest area.

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