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| The Pub For General Automotive Related Talk |
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28-04-2011, 08:48 PM
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FF.Com.Au Hardcore
Join Date: Nov 2009
Location: Ipswich, Qld
Posts: 1,354
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I was always of the impression grants were a form of income, and therefore needed to be on the P&L, but only if the recipient has actually received them and there are no conditions, or else once the conditions have been met (spending the amount of money required, ie. Revenue recognition)...but, I could be wrong...
ergo GM/Holden have met the conditions, and they can now class this money as income, putting in on the P&L.
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Re: Taxpayers help Holden motor on
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