SIC 10 Government Assistance No Specific Relation to Operating Activities

Last Updated on 12/02/2020 by 75385885

SIC 10 Government Assistance No Specific Relation to Operating Activities

References

Issue

1 In some countries government assistance to entities may be aimed at encouragement or long-term support of business activities either in certain regions or industry sectors. Conditions to receive such assistance may not be specifically related to the operating activities of the entity. Examples of such assistance are transfers of resources by governments to entities which:

  1. operate in a particular industry;
  2. continue operating in recently privatised industries; or
  3. start or continue to run their business in underdeveloped areas.

2 The issue … Read more