Unfulfilled conditions and contingencies

Learning objectives

• Assess the unfulfilled conditions and other contingencies attaching to government assistance that must be disclosed.L3
• Justify and defend in a professional file (L4) the treatment adopted for the "Unfulfilled conditions and other contingencies" concept, distinguishing the IFRS requirement, the case data, the teaching assumption and judgement.L4

Normative references

• IAS 20 §39Disclosures: accounting policy and methods of presentation; the nature and extent of grants and other assistance recognised; unfulfilled conditions and other contingencies.

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

1 question

• At the reporting date, Laurent has recognised a grant of EUR 400,000, with reasonable assurance in place. The grant remains subject to an employment condition that will only be checked at the end of the next three years; it has therefore not yet been fulfilled. What disclosure does the standard lead the entity to consider?L3