Decision of 2019: sale of output

Learning objectives

• Assess the revenue recognised by a joint operator when the output it receives differs from its entitlement, applying IFRS 15.L3, L4

Normative references

The syntheses of the reference register are written in French: only the paragraph reference is shown here.

1 question

• Orca SA, a joint operator, is entitled to 50% of the output of a joint operation. During the period it received more output than its entitlement and sold part of what it received to its customers (case facts). On what basis does it recognise its revenue for the period, in light of the Interpretations Committee's 2019 decision?L3