CERTYNEX IFRS ACADEMY

On 1 March 20X1, Gardelle signs two contracts with Imbra: the provision of a specified warehouse for five years and a three-year handling service. The warehouse contract provides for a 15% discount on the consideration as long as the handling contract is not terminated. How should Gardelle account for these contracts?

It analyses them separately, as they are two separate documents.

It combines them only if the two contracts have the same term.

It combines them, as the consideration for the warehouse depends on the performance of the handling contract.

It combines them only if Imbra is a related party of Gardelle.