CERTYNEX IFRS ACADEMY

The Vantelle group is analysing five contracts, which contain no substitution rights other than those described. In which ones does the customer have an identified asset? (several answers)

Contract 1: a portion of the capacity of a cable, not physically distinct, representing substantially all of its capacity.

Contract 2: a 35% share of the capacity of a pipeline, not physically distinct.

Contract 3: a vessel not specified in the contract, but made available to the customer with no substitution right for the supplier.

Contract 4: a specified machine that the supplier must replace if it malfunctions.

Contract 5: a specified machine that the supplier can replace at any time, with machines available and a net economic benefit, without the customer being able to prevent it.