Revenue – ifrs 15 handbook

12 Disclosure
12.1 Annual disclosure
Revenue is a gross number ........................................................................................................................................... 317
No minimum number of categories required ................................................................................................................. 319
Disaggregation of revenue may be at a different level from segment disclosures ......................................................... 320
Changes in the transaction price may need to be disclosed .......................................................................................... 321
Remaining performance obligation disclosures may differ from backlog disclosures .................................................... 323
Contract renewals are included only if they provide a material right .............................................................................. 323
Certain contracts can be excluded from remaining performance obligation disclosures ............................................... 323
Constrained transaction price is used in the remaining performance obligation disclosures ......................................... 324
Greater specificity in the revenue standard ................................................................................................................... 324
12.2 Interim disclosures
Extent of interim revenue disclosures requires judgement .......................................................................................... 325
13 
Effective date and transition
13.1 Transition
13.2 Retrospective method
All contracts (open and closed) under previous requirements require consideration ..................................................... 330
Cost and income tax line items may also require adjustment ........................................................................................ 330
Regulatory requirements need to be considered .......................................................................................................... 330
Relief provided by practical expedient 1 ........................................................................................................................ 332
Limited hindsight allowed ............................................................................................................................................. 334
Use of the practical expedient may bring forward revenue recognition ......................................................................... 334
Exemption from restating for contract modifications that occur before the start of the earliest period presented ........ 336
Disclosure relief only ..................................................................................................................................................... 337