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What is Understanding Service Concessions Explained about?

A service concession is a contract between a government and a private operator for infrastructure development and maintenance. There are two types of service concession arrangements: as a financial asset, which is recognized when there is a guaranteed cash right, and as an intangible asset, which is recognized when the operator can charge users based on asset usage. Financial assets are measured at amortized cost, fair value through profit or loss, or fair value through other comprehensive income, while int

Author

Lyncee Ballescas

Language

EN