resulted in payments of cash, transfers of other assets or the assumption of interest-bearing liabilities.Expenditures are reduced by any progress payments received and grants received in connection with the asset (see AASB 120 Accounting for Government Grants and Disclosure of Government Assistance). ...
entities) and AASB 120 ‘Accounting for Government Grants and Disclosure of Government Assistance’ (for-profit entities). Gains are addressed in AASB 139 ‘Financial Instruments’, AASB 116 ‘Property, Plant and Equipment’, AASB 140 ‘Investment Properties’, and AASB 138 ‘Intangibles’. ...