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Genmin (ASX:GEN) Buildings And Improvements : A$0.00 Mil (As of Jun. 2023)


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What is Genmin Buildings And Improvements?


Genmin Buildings And Improvements Historical Data

The historical data trend for Genmin's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Genmin Buildings And Improvements Chart

Genmin Annual Data
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Buildings And Improvements
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Genmin Semi-Annual Data
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Genmin Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction.  Broker and architect fees, permits, etc. can be covered within this category.  Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized.  Improvements are commonly recorded at acquisition cost.  Building improvement examples include roofing, remodeling, replacements, etc.


Genmin (ASX:GEN) Business Description

Traded in Other Exchanges
N/A
Address
216 St Georges Terrace, Suite 3, Level 8,, London House, Perth, WA, AUS, 6000
Genmin Ltd is an iron ore exploration and development company with a pipeline of projects in Gabon. The company has six exploration licenses in Gabon, covering three projects. Its project includes Baniaka; Bakoumba and Minvoul/Bitam. The company's operating segments include Gabon Exploration and Corporate.