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IFRS Notes

11803


Measurement of revenue

IAS 18-pr8
Revenue is measured
at the fair value of (1)
(1) the consideration received or receivable

IAS 18-pr11
If inflow of cash is deferred,
fair value of consideration < nominal amount of cash receipts

the difference is interest revenue

fair value of consideration
= present value of nominal amount of cash receipts

imputed rate of interest is used

rate for a similar instrument with similar credit rating
 

   
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