# Commission Regulation (EC) No 2086/2004 of 19 November 2004 amending Regulation (EC) No 1725/2003 on the adoption of certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards the insertion of IAS 39 (Text with EEA relevance), Division: Amendments to IAS 18

Extent: E+W+S+N.I.

B3. IAS 18 Revenue is amended as described below.
Paragraph 30 is amended to read as follows:
30.. Revenue shall be recognised on the following bases:
(a) interest shall be recognised using the effective interest method as set out in IAS 39, paragraphs 9 and AG5-AG8;
(b) royalties shall be recognised on an accrual basis in accordance with the substance of the relevant agreement;
and
(c) dividends shall be recognised when the shareholder’s right to receive payment is established.
Paragraph 31 is deleted.

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Source: https://www.legislation.gov.uk/eur/2004/2086/annex/4/division/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2004-2086/annex-4/division-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.