  The translation workplace | |||
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10 hrs confidence:  
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1 day16 hrs |
| Reference: HTH Reference information: Under IFRS, during the construction of infrastructure, the operator recognises construction revenue in its profit or loss statement and a corresponding intangible asset — being the right to collect toll from users. http://www.peerpower.com/et/1288/IFRS---GST-frameworks-need-... Under GAAP, construction contract revenues use either the percentage-completed or the completed-contract methods. Under IFRS, you cannot use the completed contract method, which means that companies recognize construction revenue using the percentage-completion method or use the recoverable costs. http://www.ehow.com/info_8513150_ifrs-vs-gaap-revenue-recogn... -------------------------------------------------- Note added at 1 day16 hrs (2011-07-10 15:51:33 GMT) -------------------------------------------------- EBITDA margin is arrived at by considering the EBITDA calculated according to IFRS, which determines that Construction Revenue is part of Net Revenue, while Construction Cost and Provision for Maintenance are included in the Cost of Services Provided. http://tinyurl.com/5vrj94z |
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