B63 The Standard requires that an unconditional government grant related to a biological asset measured at its fair value less estimated point‑of‑sale costs should be recognised as income when, and only when, the government grant becomes receivable. If a government grant is conditional, including where a government grant requires an entity not to engage in specified agricultural activity, an entity should recognise the government grant as income when, and only when, the conditions attaching to the government grant are met.
B64 The Standard requires a different treatment from IAS 20 Accounting for Government Grants and Disclosure of Government Assistance in the circumstances described above. IAS 20 is to be applied only to government grants related to biological assets measured at cost less any accumulated depreciation and any accumulated impairment losses.
B65IAS 20 requires that government grants should not be recognised until there is reasonable assurance that:
(a) the entity wil
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