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IFRS Notes

12003


Government grants


IAS 20-pr7
Government grants are recognised only if (1) and (2) are reasonably assured

(1) grants will be received
(2) conditions of grants will be satisfied


IAS 20-pr12
Income approach is used
Government grants are recognised as income
to match with related costs.

Capital approach is not permitted
Government grants are not credited directly to equity.
 

   
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