CERTYNEX IFRS ACADEMY

Valmigère, a pump manufacturer, is reviewing the clauses of its customer contracts. Which of them make the consideration variable?

A fixed price of 80,000 settled in two payments.

A rebate of 3% on all orders of the year if annual volume exceeds 5,000 pumps.

A bonus of 10,000 if installation is completed before an agreed date.

A right to return unsold pumps within 60 days for a refund.

A remote monitoring subscription of 1,200 per year, with no review clause.

A penalty of 500 per day of downtime attributable to Valmigère.