Revenue – ifrs 15 handbook

A counterparty may be both a collaborator and a customer
IFRS 15.BC55
The counterparty may be a collaborator for certain parts of the arrangement and 
a customer for other parts of it. It will be important for an entity that engages 
in collaborative arrangements to analyse whether the other parties to these 
arrangements are customers for some activities, and therefore whether 
these activities are revenue-generating. Making this assessment will require 
judgement and consideration of all applicable facts and circumstances of 
the arrangement.
Rate-regulated entities applying specific requirements do not 
apply the standard to movements in regulatory deferral account 
balances
IFRS 14
The revenue standard applies to the normal operations of rate-regulated entities 
– e.g. the sale of electricity, gas or water to customers in the course of the 
entity’s ordinary activities.
Some entities that are subject to rate regulation may be eligible to apply the 
standard on regulatory deferral accounts. If so, then they apply that standard 
– rather than the revenue standard – to the movements in the regulatory 
account balances.
Parts of the standard apply to sales of non-financial assets
IFRS 15.BC57
Parts of the revenue standard also apply to sales of intangible assets, property, 
plant and equipment and investment property, including real estate in 
transactions outside the ordinary course of business. For further discussion 
on sales of non-financial assets outside the ordinary course of business, see 
Section 10.7
.
Financial services fees – Revenue vs financial instruments 
standard
IFRS 9.B5.4.2–B5.4.3
The financial instruments standard includes guidance that specifies which 
types of financial services fees are included in the measurement of a 
financial instrument and which types of fees are accounted for under the 
revenue standard.

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6 Scope | 169
6.3 Partially in scope
| 
Fees that are an integral part of the effective interest rate of a financial 
instrument and fees on an instrument measured at fair value through profit or 
loss (FVTPL) are in the scope of the financial instruments standard. Examples 
of financial service fees that are not an integral part of the effective yield of an 
associated financial instrument and are therefore recognised under the revenue 
standard include:
– fees charged for servicing a loan;
– commitment fees to originate loans when it is unlikely that a specific lending 
arrangement will be entered into and the loan commitment is not measured 
at FVTPL;
– loan syndication fees received by an entity that arranges a loan and retains 
no part of the loan package for itself (or retains a part at the same effective 
interest rate for comparable risk as other participants);
– a commission earned on the allotment of shares to a client;
– placement fees for arranging a loan; and
– investment management fees.