Government grants recognised only with reasonable assurance and amortised to match the related expenses over reporting periods. Government grants are recognised only when there is reasonable assurance that conditions will be met and that the grants will be received; they are accounted for as income recognised systematically over the periods in which the related costs are expensed. Forgivable loans and benefits of below-market government loans are treated as grants when reasonable assurance exists. Grants related to assets may be presented either as deferred income amortised over the asset's life or deducted from the asset's carrying amount; repayable grants are accounted for as changes in accounting estimates with repayment applied against deferred credits or recognised in profit or loss as appropriate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government grants recognised only with reasonable assurance and amortised to match the related expenses over reporting periods.
Government grants are recognised only when there is reasonable assurance that conditions will be met and that the grants will be received; they are accounted for as income recognised systematically over the periods in which the related costs are expensed. Forgivable loans and benefits of below-market government loans are treated as grants when reasonable assurance exists. Grants related to assets may be presented either as deferred income amortised over the asset's life or deducted from the asset's carrying amount; repayable grants are accounted for as changes in accounting estimates with repayment applied against deferred credits or recognised in profit or loss as appropriate.
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