CERTYNEX IFRS ACADEMY

Aeralis receives airport slot rights free of charge from the State by way of a government grant. Which initial measurement treatments does IAS 38 permit?

Only the nominal amount paid, that is zero, with no other possibility.

The historical cost borne by the State to create the slots.

Either fair value for both the asset and the grant, or the nominal amount plus directly attributable expenditure.

Fair value in all cases, with no other option.