Examples of Exploration Expenses in a sentence
Earnings Before Interest, Tax, Impairment, Depreciation, Amortization and Exploration Expenses (“EBITDAX”) is not a generally accepted accounting measure under International Financial Reporting Standards (“IFRS”) and does not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable with definitions of EBITDAX that may be used by other public companies.
The Company was committed to incur on or before December 31, 2013 a total of $43,200 of qualifying Canadian Exploration Expenses (“CEE”) as described in the Income Tax Act of Canada.
A third factor that can have a major influence on quarterly results of junior exploration companies that finance a portion of their activities through the issuance of flow-through shares is the renunciation of qualifying Canadian Exploration Expenses to the investors who purchased the flow-through shares.
The Company used the funds raised on qualifying expenditures that constitute Canadian Exploration Expenses ("CEE").
Other income on deferred premiums The Company calculates the value of the other income on the deferred premiums based on exploration expenditures incurred which qualify for Canadian Exploration Expenses.