A grant of EUR 150,000 financed research costs over five years for Quentin and was released to profit or loss each year. At the end of the third year, it becomes repayable for 150,000; 60,000 of deferred income remains to be released. What expense must be recognised immediately?
- Amount that has become repayable
- 150,000
- Deferred income not yet released
- 60,000