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      • A service concession arrangement is between a government or public sector entity (grantor) and a private sector entity (operator) where the operator operates the grantor’s infrastructure (e.g. airports, toll roads, bridges, tunnels, prisons, hospitals) for a period of time.
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      Handbook: Service concession arrangements

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  3. kpmg.com › kpmg-us › contentHandbook: Service concession arrangements

    Executive summary. A service concession arrangement is between a government or public sector entity (grantor) and a private sector entity (operator) where the operator operates the grantor’s infrastructure (e.g. airports, toll roads, bridges, tunnels, prisons, hospitals) for a period of time.

  4. www.iasplus.com › en › standardsIFRIC 12 — Service Concession Arrangements - IAS Plus

    • Service Con­Ces­Sion Arrange­Ments Defined
    • Two Types of Service Con­Ces­Sion Arrange­Ments
    • Accounting – Financial Asset Model
    • Accounting – In­Tan­Gi­Ble Asset Model
    • Operating Revenue
    • Accounting by The Gov­Ern­Ment
    • Effective Date

    A service con­ces­sion arrange­ment is an arrange­ment whereby a gov­ern­ment or other public sector body contracts with a private operator to develop (or upgrade), operate and maintain the grantor's in­fra­struc­ture assets such as roads, bridges, tunnels, airports, energy dis­tri­b­u­tion networks, prisons or hospitals. The grantor controls or re...

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    IFRIC 12 draws a dis­tinc­tion between two types of service con­ces­sion arrange­ment. 1. In one, the operator receives a financial asset, specif­i­cally an un­con­di­tional con­trac­tual right to receive a specified or de­ter­minable amount of cash or another financial asset from the gov­ern­ment in return for con­struct­ing or upgrading a public ...

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    The operator recog­nises a financial assetto the extent that it has an un­con­di­tional con­trac­tual right to receive cash or another financial asset from or at the direction of the grantor for the con­struc­tion services. The operator has an un­con­di­tional right to receive cash if the grantor con­trac­tu­ally guar­an­tees to pay the operator 1....

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    The operator recog­nises an in­tan­gi­ble assetto the extent that it receives a right (a licence) to charge users of the public service. A right to charge users of the public service is not an un­con­di­tional right to receive cash because the amounts are con­tin­gent on the extent that the public uses the service. The operator measures the in­tan­...

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    The operator of a service con­ces­sion arrange­ment recog­nises and measures revenue in ac­cor­dance with IASs 11 and 18 for the services it performs.

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    IFRIC 12 does not address accounting for the gov­ern­ment side of service con­ces­sion arrange­ments. IFRSs are not designed to apply to not-for-profit ac­tiv­i­ties in the private sector or the public sector. However, the International Public Sector Accounting Standards Board (IPSASB) has started its own project on service con­ces­sion arrange­men...

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    IFRIC 12 is effective for annual periods beginning on or after 1 January 2008. Earlier ap­pli­ca­tion is permitted.

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  5. www.ifrs.org › content › damService Concession Arrangements IFRIC 12 - IFRS - Home

    arrangement is often described as a ‘build-operate-transfer’, a ‘rehabilitate-operate-transfer’ or a ‘public-to-private’ service concession arrangement. A feature of these service arrangements is the public service nature of the obligation undertaken by the operator. Public policy is for the services related

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  6. www.pwc.com.au › assurance › ifrsAccounting for Service Concession Arrangements - PwC

    Examples of service concession arrangements are public hospitals, prisons and roads. Service concession arrangements have typically been considered to be either: availability structures - where the operator builds, operates and finances a project in exchange for a payment stream from the grantor, or.

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  7. www.ifrs.org › content › damIFRIC Interpretation 12 Service Concession Arrangements

    This Interpretation sets out general principles on recognising and measuring the obligations and related rights in service concession arrangements. Requirements for disclosing information about service concession arrangements are in SIC‑29. The issues addressed in this Interpretation are: E2

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  9. www.ifrs.org › issued-standards › list-of-standardsIFRS - IFRIC 12 Service Concession Arrangements

    A service concession arrangement is an arrangement whereby a government or other public sector body contracts with a private operator to develop, operate and maintain an infrastructure asset such as a road, bridge, tunnel, airport, energy distribution network, prison or hospital.

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