International GAAP 2020

Chapter 25Service concession arrangements

• 1 INTRODUCTION
  • 1.1 The Interpretations Committee's approach to accounting for service concessions
  • 1.2 Terms used in this chapter
• 2 SCOPE OF IFRIC 12
  • 2.1 Public service nature of the obligation
  • 2.2 Arrangements that are not in the scope of IFRIC 12
    • 2.2.1 Outsourcing arrangements
  • 2.3 Interaction of IFRS 16 and IFRIC 12
  • 2.4 Private-to-private arrangements
  • 2.5 Accounting by grantors
• 3 THE CONTROL MODEL
  • 3.1 Regulation of services
  • 3.2 Control of the residual interest
  • 3.3 Assets within scope
    • 3.3.1 Accounting for service concession arrangements for which the infrastructure is leased from a party other than the grantor
    • 3.3.2 Periodic payments to the grantor for the right to use assets
    • 3.3.3 Previously held assets used for the concession
  • 3.4 Partially regulated assets
• 4 ACCOUNTING BY THE CONCESSION OPERATOR: THE FINANCIAL ASSET AND INTANGIBLE ASSET MODELS
  • 4.1 Consideration for services provided and the determination of the appropriate model
    • 4.1.1 Allocating the consideration
      1. 4.1.1.A Identifying the contract(s) with a customer
      2. 4.1.1.B Identifying the performance obligations in the contract
      3. 4.1.1.C Determining the transaction price under the contract
      4. 4.1.1.D Allocating the transaction price to the performance obligations in the contract
    • 4.1.2 Determining the accounting model after the construction phase
  • 4.2 The financial asset model
  • 4.3 The intangible asset model
    • 4.3.1 Amortisation of the intangible asset
    • 4.3.2 Impairment during ...