CERTYNEX IFRS ACADEMY

Velmar signs two contracts on the same day with the same supplier. Which of the following situations does not, on its own, require them to be combined?

The contracts were negotiated as a package, with an overall commercial objective that cannot be understood without considering them together.

The amount due under one depends on the price or performance of the other.

The rights of use conveyed by the two contracts form a single lease component.

They relate to different assets, negotiated and priced independently.