FSBU 9/2025: revenue from sales with payment deferred for more than 12 months

FSBU 9/2025 introduces a new approach to measuring revenue from sales with payment deferred for more than 12 months.

Accounting under PBU 9/99

Revenue is recognised at the full amount of the receivable, regardless of the payment terms. The financing component of the deferral (interest income) is not separated from revenue or presented separately.

Accounting under FSBU 9/2025

Revenue and the related receivable are recognised at the amount of cash that would have been received from the counterparty if payment had not been deferred.

The receivable is then increased by accrued interest and reduced by payments received. Interest income does not increase revenue and is recognised within other income.

Why this matters

Revenue and gross profit in the income statement will no longer be overstated by interest income. This makes it possible to assess return on sales more accurately.