From an initial desktop review and engagements with specific stakeholders, a number of focus areas were identified for the PIR. Among others, these focus areas are:

The focus area	What is the issue?
Distinguishing statutory receivables from contractual receivables	There is uncertainty about when a receivable is contractual or statutory, particularly when the transaction is regulated by legislation, supporting regulations or similar means (hereafter “legislation or similar means”) and initiated by a contract.
Initial measurement	GRAP 108 requires that a statutory receivable initially be measured at its transaction amount using the prescripts of legislation or similar with reference to the specific tariff, fee, scale or calculation basis. The fair value of the statutory receivable is determined using the Standard of GRAP on Revenue from Exchange Transactions or the Standard of GRAP on Revenue from Non-exchange Transactions (Taxes and Transfers).
Impairment of statutory receivables	The revised Standard of GRAP on Financial Instruments (GRAP 104 (2019)) introduces a new impairment model, namely the expected credit loss (ECL) model. Under this model, a forward–looking approach is applied to assess the expected loss amount of a contractual receivable. GRAP 108 currently applies an incurred loss model to assess if a statutory receivable is impaired. Impairment occurs following default or other impairment event. With GRAP 104 (2019) becoming effective from 1 April 2025, it was questioned if the ECL model should also be adopted in GRAP 108.
Presentation of statutory receivables	The Standards of GRAP require that receivables from exchange and non-exchange transactions be presented separately on the face of the statement of financial position. The notes to the financial statements separately disclose the carrying amounts of statutory receivables to distinguish them from contractual and other receivables. Some entities remain uncertain about what and how to present statutory receivables in the financial statements and notes.
Disclosing information about statutory receivables	Financial statements should provide information on statutory receivables to enable users to make decisions about their nature and type, and the basis used to account for, and measure these receivables. Users also need information on when statutory receivables are derecognised and on their collectability. The information on statutory receivables is not useful if standardised text from GRAP 108 is presented, or when disclosures are incomplete.

Following the outcome of the PIR, the Board will decide if amendments are required to GRAP 108, and if any other actions may be necessary. These actions may include developing Fact Sheets, Interpretations of the Standards of GRAP, or issuing or revising Frequently Asked Questions.