Revenue – ifrs 15 handbook

9.5 
Contractual restrictions and attributes of licences
Example 13A – Licence of IP: Hold-back period ............................................................................................................. 223
Example 13B – Licence of IP: Usage limitations ............................................................................................................ 224
9.6 
Sales- or usage-based royalties
Example 14 – Royalty: Licence of IP is the predominant item ........................................................................................ 226
Example 15A – Software licence with a guaranteed minimum (1) ................................................................................. 229
Example 15B – Software licence with a guaranteed minimum (2) ................................................................................. 230
Example 16 – Allocation of guaranteed minimum among multiple performance obligations ......................................... 230
10 
Other application issues
10.1 Sale with a right of return
Example 1 – Sale with a right of return .......................................................................................................................... 235
10.2 Warranties
Example 1 – Sale of a product with a warranty .............................................................................................................. 240
Example 2 – Lifetime warranty ...................................................................................................................................... 242
10.3 Principal vs agent considerations
Example 1 – Specified good or service is the underlying product ordered ..................................................................... 245
Example 2 – Specified good or service is a right to a specified good or service ............................................................. 245

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Index of examples | 353
Example 3 – Entity arranges for the provision of goods or services ............................................................................... 248
Example 4 – Entity is an agent and a principal for sales of virtual or intangible goods .................................................... 249
Example 5 – Entity is a principal for advertising services provided by a subcontractor ................................................... 252
Example 6 – Entity is a principal for consulting services provided by a subcontractor .................................................... 252
Example 7 – Entity is a principal even though it does not take physical possession of goods ........................................ 253
Example 8 – Entity is an agent when goods and services delivered directly to customer by third parties ...................... 254
Example 9 – Entity is a principal in website sales .......................................................................................................... 255
Example 10 – Entity is an agent in providing a service ................................................................................................... 256
Example 11 – Specified good or service is an input into a combined output .................................................................. 258
Example 12 – Revenue recognition by a principal .......................................................................................................... 259
Example 13 – Revenue recognition by an agent ............................................................................................................ 259
Example 14 – Estimating gross revenue as a principal: Discount attributed to the company ......................................... 260
Example 15 – Estimating gross revenue as a principal: Discount attributed to the intermediary .................................... 261
Example 16A – Accounting for transportation costs: Entity is a principal ....................................................................... 262
Example 16B – Accounting for transportation costs: Entity is an agent ......................................................................... 263