In accordance with IAS 20 Accounting for Government Grants and Disclosure of Government Assistance, how are grants related to assets recognised?

In the statement of profit or loss for the period they are due to be received

In the statement of financial position as deferred income

In the statement of financial position as a deduction from the carrying amount of the relevant asset

In the statement of financial position as deferred income OR as a deduction from the carrying amount of the relevant asset