IFRIC 18 Transfers of Assets from Customers (‘IFRIC
18’) specifies that where an entity receives an item of
P,P&E (or cash for the acquisition or construction
of such an item) that must be used to connect the
customer to a network and/or to provide ongoing
access to a supply of goods or services; the credit
arising on initial recognition of that asset represents
revenue.
Recognition of the revenue will depend on the nature of
the services to be provided to the customer