Hello and welcome to the site. Thank you for your question.Grants are not turnover. I would show it as other operating income as it is non-core activity of the business.
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Thanks for your help. I am assuming it is taxable as the net effect is to reduce a tax deductible expense ? CAS