Ias 20 – 2021 Issued ifrs standards (Part A)

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IAS 20
Accounting for Government Grants and
Disclosure of Government Assistance
In April 2001 the International Accounting Standards Board adopted IAS 20 Accounting for
Government Grants and Disclosure of Government Assistance, which had originally been issued
by the International Accounting Standards Committee in April 1983.
Other Standards have made minor consequential amendments to IAS 20. They include
IFRS 13 Fair Value Measurement (issued May 2011), Presentation of Items of Other Comprehensive
Income (Amendments to IAS 1) (issued June 2011), IFRS 9 Financial Instruments (Hedge
Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) (issued November 2013) and
IFRS 9 Financial Instruments (issued July 2014).
IAS 20
© IFRS Foundation
A1209

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C
ONTENTS
from paragraph
INTERNATIONAL ACCOUNTING STANDARD 20 
ACCOUNTING FOR GOVERNMENT GRANTS AND
DISCLOSURE OF GOVERNMENT ASSISTANCE
SCOPE
1
DEFINITIONS
3
GOVERNMENT GRANTS
7
Non-monetary government grants
23
Presentation of grants related to assets
24
Presentation of grants related to income
29
Repayment of government grants
32
GOVERNMENT ASSISTANCE
34
DISCLOSURE
39
TRANSITIONAL PROVISIONS
40
EFFECTIVE DATE
41
FOR THE BASIS FOR CONCLUSIONS, SEE PART C OF THIS EDITION
BASIS FOR CONCLUSIONS
IAS 20
A1210
© IFRS Foundation

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International Accounting Standard 20 Accounting for Government Grants and Disclosure of
Government Assistance (IAS 20) is set out in paragraphs 1–48. All the paragraphs have
equal authority but retain the IASC format of the Standard when it was adopted by the
IASB. IAS 20 should be read in the context of the Basis for Conclusions, the Preface to
IFRS Standards and the Conceptual Framework for Financial Reporting. IAS 8 Accounting
Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and
applying accounting policies in the absence of explicit guidance.
IAS 20
© IFRS Foundation
A1211

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