Disclosure Of Material Accounting Policy Information [Text Block]

ARGO BLOCKCHAIN PLC - Filing #5909075

Concept 2024-01-01 to
2024-12-31
Disclosure of material accounting policy information [text block]
3
Description of accounting policy for business combinations and goodwill [text block]
Business Combinations
Description of accounting policy for deferred income tax [text block]
Deferred tax: Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts
Description of accounting policy for depreciation expense [text block]
Right of use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for
Description of accounting policy for derecognition of financial instruments [text block]
Derecognition: A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial
Description of accounting policy for determining components of cash and cash equivalents [text block]
Cash and cash equivalents
Description of accounting policy for earnings per share [text block]
Earnings per share
Description of accounting policy for employee benefits [text block]
Employee benefits
Description of accounting policy for financial instruments [text block]
Financial instruments
Description of accounting policy for financial instruments at fair value through profit or loss [text block]
Financial assets: Financial assets are recognised in the Statement of Financial Position when the Group becomes party
Description of accounting policy for financial liabilities [text block]
Loans and issued debt
Description of accounting policy for foreign currency translation [text block]
Foreign exchange
Description of accounting policy for impairment of assets [text block]
Impairment of non-financial assets
Description of accounting policy for impairment of financial assets [text block]
Impairment of financial assets: The Group recognises an allowance for expected credit losses (ECLs) for all debt
Description of accounting policy for income tax [text block]
The tax expense or recovery represents the sum of tax currently payable or receivable and deferred tax.
Description of accounting policy for leases [text block]
Tangible fixed assets are comprised of right of use assets, office equipment, mining and computer equipment, data centres,
Description of accounting policy for measuring inventories [text block]
Intangible assets
Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block]
Assets Held for Resale
Description of accounting policy for intangible assets and goodwill [text block]
Intangible fixed assets
Description of accounting policy for investment in associates and joint ventures [text block]
Associates
Description of accounting policy for property, plant and equipment [text block]
Tangible fixed assets
Description of accounting policy for recognition of revenue [text block]
Mining Revenue Recognition
Description of accounting policy for segment reporting [text block]
Segmented reporting
Description of accounting policy for share-based payment transactions [text block]
Share-based payments
Description of accounting policy for subsidiaries [text block]
Subsidiaries are all entities (including structured entities) over which the Group has control. The Group controls an entity
Description of accounting policy for trade and other payables [text block]
Loans and trade and other payables: After initial recognition, interest-bearing loans and borrowings and trade and other

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