Revenue – ifrs 15 handbook

12.1 
Annual disclosure
IFRS 15.110
The objective of the disclosure requirements is for an entity to disclose sufficient 
information to enable users of the financial statements to understand the nature, 
amount, timing and uncertainty of revenue and cash flows arising from contracts 
with customers. 
IFRS 15.113, 129
An entity is required to disclose, separately from other sources of revenue, 
revenue recognised from contracts with customers – i.e. revenue in the scope of 
the standard – and any impairment losses recognised on receivables or contract 
assets arising from contracts with customers. If an entity elects either the practical 
expedient not to adjust the transaction price for a significant financing component 
(see 
Section 3.2
) or the practical expedient not to capitalise costs incurred to obtain 
a contract (see 
Section 7.1
), then it discloses this fact.
IFRS 15.113, IAS 1.29–30, 85
It appears that an entity is not required to present revenue from contracts with 
customers as a separate line item in the statement of profit or loss and may 
aggregate it with other types of revenue considering the requirements in the 
presentation standard. However, in providing a separate disclosure of revenue from 
contracts with customers – either in the notes or in the statement of profit or loss – 
we believe that an entity should not include amounts that do not fall in the scope of 
the revenue standard.
IFRS 15.114–115, B87–B89
The standard includes disclosure requirements on the disaggregation of revenue, 
contract balances, performance obligations, significant judgements and assets 
recognised to obtain or fulfil a contract. For further discussion on the required 
transition disclosures, see 
Chapter 13
.

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12.1 Annual disclosure
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