Subsidies are not recognized until obtaining reasonable certainty that the Company will satisfy the required conditions and receives such subsidies.
Subsidies which involve a principal condition that the Company acquires or develops fixed assets, are recognized in the statement of financial position in the deferred income line item and charged to the financial result systematically throughout the anticipate economic life of such assets.
Other subsidies are systematically recognized in revenues, over a period required to compensate the costs which such subsidies were intended to compensate. Subsidies due as compensation of costs or losses already incurred or as a form of direct financial support for the Company without incurring future costs, are recognized in the financial result over the period in which they are due.
