SELECTED ACCOUNTING PRINCIPLES
Grants
Grants are recognized when there is reasonable assurance that the grant will be received and met all the conditions associated with it.
Grants related to property, plant and equipment are recognised as deferred income and is recognised in other operating income on a systematic basis over the useful life of the asset.
Grants related to costs are recognized as decrease of costs at the period they are incurred and the surplus amount of the received grant over the value of the given cost is recognised as other operating income.