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Compensation received for loss of income & damages


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Anyone know the guidance under FRS102 for compensation payments which are part income and part damages. Assuming the loss of income will be considered trading and go through the P&L but is it documented as turnover in the P&L and Turnover note or a separate category? Likewise for the reputaional damages, these are a non trading item so expect these to go through SOCI?

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By johnt27
11th Sep 2019 13:32

Both other income

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Replying to johnt27:
By Tickers
17th Sep 2019 17:09

Other income via the P&L or SOCI?

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