IAS 20 Accounting for Government Grants and Disclosure of Government Assistance

Recognise a grant when there is reasonable assurance that the entity will comply with its conditions and receive it. Recognise grant income systematically over periods in which the related costs are expensed. An asset-related grant may be presented as deferred income or deducted from the asset carrying amount, subject to the standard. Repayments and non-monetary grants require consideration of their particular rules.