Revenue – ifrs 15 handbook

9 Licensing
9.1 
Licences of intellectual property
Example 1 – Promise is a service not a licence .............................................................................................................. 207
Example 2 – Promise is a licence ................................................................................................................................... 207
9.2 
Determining whether a licence is distinct
Example 3 – Intellectual property (IP) licence in combined performance obligation ....................................................... 210
Example 4 – Customer’s option to purchase additional licences .................................................................................... 210
Example 5 – Licence for drug compound and related service: Separate performance obligations ................................. 213
Example 6 – Licence for drug compound and related service: Single performance obligation ....................................... 213
9.3 
Determining the nature of a distinct licence
Example 7 – Assessing the nature of a software licence with unspecified upgrades ..................................................... 215
Example 8 – Assessing the nature of a film licence and the effect of marketing activities ............................................. 216
Example 9A – Assessing the nature of a team name and logo licence: Active sports team ........................................... 219
Example 9B – Assessing the nature of a team name and logo licence: Sports team that is no longer active ................. 219
Example 10 – Licence for right to access IP ................................................................................................................... 220
9.4 
Timing and pattern of revenue recognition
Example 11A – Right-to-access licence ......................................................................................................................... 221
Example 11B – Right-to-use licence .............................................................................................................................. 221
Example 12 – Renewal of a right-to-use licence ............................................................................................................. 222