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12006 |
Repayment of government grants
IAS 20-pr32
If a government grant becomes
repayable,
it is a revision to an accounting estimate.
Repayment of grant related to income
(1) first applied to unamortized deferred credit
(2) the remainder is recognised as an expense
Repayment of grant related to asset
(1) decrease in deferred income
or
(2) increase in carrying amount
If carrying amount of an asset increases,
cumulative additional depreciation
due to the increase in carrying amount
is recognised as an expense, immediately.
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International Accounting
Standards (IAS)