Pascal receives 90,000 to compensate certification costs specifically named in the agreement, expected to total 450,000. During the year it recognises 135,000 of these costs, as well as 65,000 of other expenses not covered by the agreement. Case convention: allocation in proportion to the named costs. Calculate the grant recognised in profit or loss for the year.
- Grant awarded
- 90,000
- Total expected eligible costs
- 450,000
- Eligible costs for the year
- 135,000
- Other costs for the year, not covered by the grant
- 65,000