Intercompany Equipment Lease Agreement

Dear Silvia, Thank you for providing such information, I have 2 questions, could you please answer? First, what is the need for an updated standard for leases? Second, what is the impact of the standard on the financial statements of companies that adopt IFRS? The objective of the new standard is to eliminate off-balance sheet financing, but it seems that in the case of an operational lease, we have twice the assets. Once on the owner`s book, then on the tenant book as a right to use the asset. However, some operating leases were not terminatable and therefore constituted liability (and assets) for the underwriters. Some banks lend to small and medium-sized enterprises to help them rent expensive equipment. Banks charge lower fees and can provide better customer service than businesses that are not predominantly active in financing and are therefore preferred by borrowers. Some banks also serve regular transactions, depending on your agreement with them. Dear Silvia Thank you for your useful video. Could you guide me please, how to find the question and answer separately for each standard. Best Regards New IFRS Standard 16 eliminates this disparity and puts most leases on the balance sheet. Sachin, I`m afraid you`ll have to apply IFRS 16 retroactively, including to existing operating leases. P.

My company currently uses a warehouse according to IAS 17 Corporate Leasing, in which the rental company offers repairs and maintenance. My company paid the owner for the consumption of water and electricity. The air conditioning systems have been installed and maintained by my company. How are these changes made on January 1, 2019 according to IFRS 16? Hello Silvia, could you clarify the various sales and leasing according to IAS 17 and IFRS 16? Dear Bander, this is clearly stated in the article: “Leasing liability is calculated at the present value of rents over the duration of the tenancy. In this case, you must calculate the current value of 3 payments of CU 8,571 (leasing element only) at 5%, which is CU 23,341. P. If I am not mistaken, the definition of free cash flows needs to be revised to include lease payments as operational outflows. Hello Sylvia, please advise on how to take into account the concession agreement by the owner. In other words, the agreement has a fixed (guaranteed) and variable (volume-based) levy. IFRIC 12 is excluded from IFRS 16 and I cannot find any other standard dealing with this subject. Depending on the type of rental agreement, the buyer may pay certain fees, such as taxes.

B, for equipment. Knowledge of tax liability in different types of leases will help the taker avoid unforeseen expense pitfalls. According to IFRS 16:36 (later assessment of leasing debt) as stated, Why should the book value of the leasing debt be increased by the interest expense? Thank you very much. No, Alex. According to IFRS 16, you no longer classify the lease if you are a tenant and each lease is reported in the same way. However, let me remind you that you will not show the country yourself in your record.