IAS Government Grants

Hi Again Sir,

Sir please i just wanted to clear my doubt i had when the grant becomes Repayable.

In case of Government Grant related to income when it becomes repayable we cancel the deffered balance in SOFP and ay remining charge we take to P/L.

In case of Government Grant related to Assets we increase amount of the asset or reduce the dffered balance in SOFP and whatever the amount we are charging we take it to the P/L.

Hope i am correct.Please correct me if am wrong.

Best Regards

In case of