CERTYNEX IFRS ACADEMY

For some contracts, Tarnos receives non-cash consideration. Which statements are correct?

If the number of shares to be received depends on Tarnos' performance, the resulting variation falls within the constraint on variable consideration.

Any variation in the fair value of shares to be received, including one due solely to the share price, is subject to the constraint.

Materials supplied by the customer, of which Tarnos obtains control, are non-cash consideration.

Equipment lent by the customer, of which Tarnos does not obtain control, is included in the transaction price at fair value.

The fair value of non-cash consideration may vary solely because of its form, for example a share price.