Disclosure of proceeds before intended use

Learning objectives

• Identify the disclosures about proceeds obtained before the intended use.L3

Normative references

• IAS 16 §74AIf not presented separately in the statement of comprehensive income: (a) compensation from third parties included in profit or loss for items of property, plant and equipment that were impaired, lost or given up; (b) the amounts of proceeds and cost recognised in profit or loss in accordance with para. 20A that relate to items produced that are not an output of the entity's ordinary activities, and the line items that include them.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

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