To prepare the disclosure on the extent of its asset grants presented as deferred income, Fabre has the year's data: opening deferred income 200,000, grants recognised 150,000, releases to profit or loss 60,000, repayments set against deferred income 40,000. Calculate closing deferred income and the amount of grants released to profit or loss for the year.
- Opening deferred income
- 200,000
- Grants recognised in the year
- 150,000
- Releases to profit or loss
- 60,000
- Repayments set against deferred income
- 40,000