CERTYNEX IFRS ACADEMY

Navigo arranges airport transfers for its customers, performed by taxi companies. Based on the case data, it has concluded that it acts as an agent. How does it recognise its revenue?

At the gross amount paid by the customer, with the cost of the taxi rides presented as an expense of the period.

At the commission to which it expects to be entitled, possibly the net amount retained.

No revenue, since the transport is performed entirely by the taxi companies.

At the gross amount paid by the customer, since it collects the price itself before paying the taxis.