Division Amendments to IAS 18

IAS 18 Revenue is amended as described below.

Paragraph 30 is amended to read as follows:

1. 30..

   Revenue shall be recognised on the following bases:

   1. (a)

      interest shall be recognised using the effective interest method as set out in IAS 39, paragraphs 9 and AG5-AG8;

   2. (b)

      royalties shall be recognised on an accrual basis in accordance with the substance of the relevant agreement;

      and

   3. (c)

      dividends shall be recognised when the shareholder’s right to receive payment is established.

   Paragraph 31 is deleted.