Could you explain the reasoning behind the netting off of the cost of an asset against a grant received?
-Let’s say an asset costs $15M and a grant of $5M is received. If we ‘net off’ those 2, then we will get $10M which will be shown in the SFP. However, the ‘real’ cost is $15M. Are we not unfairly representing the item?
-Please clarify this and also locate where I am getting things wrong.