How much revenue when invoice contains reimbursement of certain expenses

[mehranmichail]

Hi,
Very basic but a bit confused by reimbursement element. First instinct is to recognize whole amount.
Service provider is issuing invoices to his client which include separate line item for expenses.
E. G. Services charged £100
Expenses. £ 30
Total invoice. £130
How much revenue to recognize? Thanks

[Marek Muc]

Hi,

it depends

see these two sections of the knowledge base:

https://ifrscommunity.com/knowledge-bas ... rd-parties

https://ifrscommunity.com/knowledge-bas ... e-customer

[mehranmichail]

Thanks a lot, I will have a look.

[mehranmichail]

Thank you so much for giving excellent reference.