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Re: Geryon post# 50325

Friday, 11/11/2016 2:58:16 PM

Friday, November 11, 2016 2:58:16 PM

Post# of 97175
The 20 year signed private agreement with the concessionaire looks Like an asset to WOGI according to the international accounting regulations.

Accounting – Financial asset model
The operator recognizes a financial asset to the extent that it has an unconditional contractual right to receive cash or another financial asset from or at the direction of the grantor for the construction services. The operator has an unconditional right to receive cash if the grantor contractually guarantees to pay the operator


http://www.iasplus.com/en/standards/ifric/ifric12

http://www.pwc.com.au/assurance/ifrs/assets/spotlight-accounting-service-concession-arrangements-jan15.pdf
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