jr4jane2004:The definition as per wiki is not correct - refer to...

jr4jane2004:

The definition as per wiki is not correct - refer to IFRS definition and recognition criteria and you will get your answer. More specifically IAS 16 Property, Plant and Equipment.

What I would be more concerned about is the impairment of all CCC assets. CCC will and are currently having to justify the value of all assets to the auditor – the company has an obligation to perform this test prior to submitting the annual results as a minimum or earlier if there is a trigger.

One test that is commonly used is looking at your market cap and comparing it to your net asset position and writing some of your assets down to your market cap. We all know where our market cap is at the moment.. other indicators are coal prices etc..