CERTYNEX IFRS ACADEMY

At the reporting date, Laurent has recognised a grant of EUR 400,000, with reasonable assurance in place. The grant remains subject to an employment condition that will only be checked at the end of the next three years; it has therefore not yet been fulfilled. What disclosure does the standard lead the entity to consider?

Mention the conditions not yet fulfilled that are attached to the recognised grant.

Limit disclosure to the accounting policy, the grant being already recognised.

Defer the grant as deferred income until the employment condition is checked.

Reverse the recognised grant, because a condition remains to be met.