for the year ended 31 December 2018
106Woodside Petroleum Ltd|Annual Report 2018
Key estimates and judgements
In applying the Group’s accounting policies, management continually
evaluates judgements, estimates and assumptions based on
experience and other factors, including expectations of future events
that may have an impact on the Group. All judgements, estimates and
assumptions made are believed to be reasonable based on the most
current set of circumstances known to management. Actual results
may dier from those judgements, estimates and assumptions.
Significant judgements, estimates and assumptions made by
management in the preparation of these financial statements are
found in the following notes:
Note A.1 Revenue from contracts with customers Page 108
Note A.5 Taxes Page 111
Note B.2 Exploration and evaluation Page 114
Note B.3 Oil and gas properties Page 115
Note B.4 Impairment of oil and gas properties Page 116
Note D.4 Provisions Page 123
Note E.7 Joint arrangements Page 129