The December 2024 reference group meeting brought an exciting piece of guidance to stakeholders – the GRAP 104 placemat. The placemat provides a graphic overview of the main sections of the revised GRAP 104, highlighting those areas where changes were made. Access the placemat here. Â
The reference group also discussed concessionary loans payable. A concessionary loan payable is a loan received by an entity on terms that are not market related. The market related component of the loan is accounted for in terms of GRAP 104 while the non-exchange component is accounted for in terms of GRAP 23 on Revenue from Non-Exchange Transactions (Taxes and Transfers). For an overview of concessionary loans payable, access the presentation on the ASB website. Â
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The article has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved, or otherwise acted on by the Board.