CERTYNEX IFRS ACADEMY

Rosmira, a haulier, receives 180,000 from its insurer for a truck destroyed in an accident; the truck was an item of property, plant and equipment used for deliveries (case data). Which classification is most defensible for this settlement?

Operating, solely because the truck was used for the day-to-day deliveries of the transport business.

Financing, because the insurer provides funds.

Outside the statement, as there is no legal sale.

Investing: the settlement replaces the disposal proceeds of a long-term asset (documented judgement).