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5.0 MineAssetsn . ;"

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The MineAssets rocesss managed ithinhe Oracle atabaseystem.The Fix.ed sset. lfUrmodulen heOracle atabaseystemnterfacesith heAccountsayable odule. Ï te rnodulelcdo oûrals ):

All ixed sset ecords remaintainedn heOracle atabaseystem. TfOTheprocess eginswith hereceipt f an approved uthorizationor ExpenditureAFE) Pry$6

,{ parProcess wner: Accounting upervisorAccounting anager t theminesite

Éb#_b^ControlOwner: Accounting upervisorAccountingManager t theminesite fæs [na

ModrrKey ontrots: (D inlevv

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\*_--l )..pt t dlnclJ,Inputso theprocessre eceivedrom he nventory,urchasingAccounts ayable odqles

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Acquisition.Depreciation Reconciliation

TheAccounting anagereceiveshe approved FEandassigns clearing ccountntowhichthecapital xpenditureselatedo thatAFEwillbe cumulated.

The clearing ccount odewillhave6 segments: epartmenVCompanyode Essakane:01);Area 101:Administration;11:Mine; 01:Mil lor00Q:Default);ctivityDefault:000); aturalAccountGL#1637) r SYSCOAGL#23900); quiptnept qmber; nd utqre se., | \ \r

\zÀ èvite.. ai o1 l)otr\isp art fi?, gxE\ôrvroDuringhe month,hecapital xpenditureselatedo theAFE'sarecumulatednto heassignedclearing ccount ia he Payables,nventory nd/orPurchasing odules.d prfus fiC11,tf2, fnOyy

S.1A fixedassetclearing ccount nalysiss prepared, y the Accounting upervisor,n amonthly asis, o ana lyzehe capital xpenditures,nputtedntoeachclearing ccountn thepriormonth,o ensure:

1) Thecapital ature f hecost nputtednto heclearing ccount;2) Theappropriatelassificationf hiscost ntoa specific learing ccount.

Thisanalysis lso ncludes list of all the cost tems hat will be inputtedn the FixedAssetModule uringhemonth.

Eachcost tem hat s inputtednto he FixedAssetmodules assigned FixedAssetCategorythatwillautomaticallyictatehe ollowing:

1) Depreciationethod;2) Lifeof the ixedasset;

19-10-2011Page 2 of 3

FSS.SX.5.0.01 Approved by: Luc Laforge

8/13/2019 5.0 mining assets JL 27 oct.11.pdf

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5.0 MineAsseF

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3) GL Account associated to the asset (i.e. Cost, Accumulated DepreciationandDepreciation).

TheGLAccount ssistantAccounting upervisornput he ndividualost tems nto he Fixed

AssetsModule ndspecify he date hat he ixedassetwasplacednservice.At month-end,he Accounting upervisorommunicateshe productionata o the GL AccountAssistantor his entry nto he FixedAssetModule.Upon erminationf the productionatainput n the FixedAssetmodule,heGL Account ssistant onfirmshe nput o theAccountingSupervisornd unsa preliminaryepreciationalculationor review.

S.2 The Accounting upervisoruns a report n Oracledatabase ystem alled he JournalReservesReport JRR)at month-end. his report epresentshe depreciation rojection scalculated y the Oracle ystem s generated y the GL AccountAssistant. he AccountingSupervisoreviewshedepreciationalculation;he ixedassetshatarebeing epreciatednd

themethod f depreciationo ensure ompletenessnd accuracy f the ixedassetdepreciationfor he month.

Disposals

S.3FixedAssetDisposalsresubjecto theapproval f the FinanceManager.

JournalEntries

A "CreateAccounting"unction s performednto Oracle n order o transfer o the GL module

thedataenterednto heFixedAssetModulefixed ssetadditions,isposalsnddepreciation)during he month.This function reatesan automaticournalentrywhich s postedby theAccounting upervisor.hisautomaticntry s validonly or he Primary edger hich s basedon the SYSCOAAccounting rinciples onsideringhe fact that the FixedAssetModule sinterfacednlywith hePrimary edger.

A journal ntry sprepared y he GLAccount ssistant t month-endo accounthe ixedassetmovementsuringhe monthn he SecondaryedgerCDNGAAP).o$.4 Accounting upervisoreviews nd approveshe ournalentryprepared y GL Account

19-10-2011Page of 3

Assistantndpostst n he,Secondaryedger. ,,L ?rimarvedgor n4' n *Ytq-

ESS.SX.5.0.01 Approved by: Luc Laforge