The operator receives a financial asset or an intangible asset. A financial asset is recognised to the extent that the operator has an unconditional contractual right to receive cash or another financial asset from or at the direction of the grantor for the construction services. An intangible asset is recognised to the extent that the operator receives a right (or licence) to charge users of the public service. The financial and intangible assets are initially measured at fair value. They are subsequently measured in accordance with Section 11, ‘Basic financial instruments’; Section 12, ‘Other financial instruments issues’; and Section 18, ‘Intangible assets other than goodwill’, respectively.
[IFRS for SMEs 34 paras 13-15]