CERTYNEX IFRS ACADEMY

Ralnore Agency collects ticket prices on behalf of event organisers and pays them over, keeping only a separately invoiced commission (case data). How should the collections and remittances be presented?

Net, as the flows reflect the organisers’ activities; the commission remains an operating flow.

Gross necessarily, as the agency’s sales and purchases, since the funds pass through its bank accounts.

As financing, the agency holding third-party funds.

Outside the statement, the funds not belonging to the agency.