86 paragraphs found in AASB 120
Paragraph 39 does not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities …
See also Interpretation 110 Government Assistance—No Specific Relation to Operating Activities , as identified in AASB 1048 Interpretation of Standards …
The following terms are used in this Standard with the meanings specified: …
Government refers to government, government agencies and similar bodies whether local, national or international. …
Government assistance is action by government designed to provide an economic benefit specific to an entity or range of entities qualifying under certain criteria. Government assistance for the purpose of this Standard does not include benefits provided …
Government grants are assistance by government in the form of transfers of resources to an entity in return for past or future compliance with certain conditions relating to the operating activities of the entity. They exclude those forms of government …
Grants related to assets are government grants whose primary condition is that an entity qualifying for them should purchase, construct or otherwise acquire long-term assets. Subsidiary conditions may also be attached restricting the type or location of …
Grants related to income are government grants other than those related to assets. …
Forgivable loans are loans which the lender undertakes to waive repayment of under certain prescribed conditions. …