CERTYNEX IFRS ACADEMY

Kalidor, a contract research laboratory, signs two agreements: (1) with Pharmeo, which pays it a fixed fee to carry out a series of trials and receive all of the results; (2) with Biomont, with which it develops a process sharing the costs, risks and future profits. Which agreement(s) is (are) within the scope of IFRS 15 for Kalidor?

Both agreements, since in each case Kalidor receives funds from a third party.

Only the agreement with Pharmeo.

Only the agreement with Biomont.

Neither, because research activities are always excluded from IFRS 15.