Depreciation/Depletion

What is Depreciation/Depletion?

Depreciation/Depletion represents the depreciation charges for the period against tangible assets reported as a non-cash adjustment to reconcile net income to cash flows, which are derived from a company’s operations.

It includes:

• Depletion of natural resources;
• Depreciation of Exploration and Evaluation assets for Extractive industries;
• Depreciation of investment properties; and
• Accretion expenses from asset retirement obligations.