International GAAP 2021

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
    • 4.1.1.A Identifying the contract(s) with a customer
    • 4.1.1.B Identifying the performance obligations in the contract
    • 4.1.1.C Determining the transaction price under the contract
    • 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 ...