CERTYNEX IFRS ACADEMY

An entity presents its income grants as a deduction from the related expenses. Which presentation point should it keep in mind?

It may be appropriate to disclose the amount of the grant so that the effect on the expense remains understandable.

It is exempt from any disclosure about these grants once the net expense is presented.

It must then reclassify all its asset grants as a deduction from expenses.

It must present each grant as a separate income line the following year.