ICAEW.com works better with JavaScript enabled.

SIC 10 Government Assistance – No Specific Relation to Operating Activities

SIC 10 addresses whether government assistance such as transfers of resources to entities which operate in particular industries comes within the scope of IAS 20.

Access the interpretation

Registration is required to access the free version of the Issued Standards. This version does not include additional documents that accompany the full standards (such as illustrative examples, implementation guidance and basis for conclusions).

Summary

SIC 10 addresses whether government assistance such as transfers of resources to entities which operate in particular industries comes within the scope of IAS 20.

It concludes that this type of government assistance meets the definition of government grants in IAS 20, even if there are no conditions specifically relating to the operating activities of the entity other than the requirement to operate in certain regions or industry sectors.

Such grants shall therefore not be credited directly to equity, but dealt with according to IAS 20.

IFRS accounting standards referred to by SIC 10

Other resources

Further support

Financial reporting helpsheets
Corporate reporting resources

Practical resources including factsheets, online guides and webinars on financial and non-financial reporting.

Browse the collections
Black woman working at computer
Technical Advisory Services

Our experienced advisors can help you with technical questions.

Get in touch
Young man reading in a library
Library and Information Service

Expert help with research and access to trustworthy, professional sources.