IFRS 16Chapter 13Lesson 1
Lessor: presentation and disclosure
Step 1 of 7Learning objectives
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Where the lessor presents its leases in the statement of financial position (a receivable equal to the net investment for a finance lease, the leased asset according to its nature for an operating lease) and what it discloses in the notes: income for the period, changes in the net investment, maturity analysis of undiscounted payments, reconciliation to the net investment and management of the risk on assets in which it retains rights.
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Learning objectives
- Identify where the lessor presents a finance lease (receivable) and an operating lease (asset according to its nature).
- Distinguish the disclosures specific to finance leases from those specific to operating leases.
- Prepare the maturity analysis of undiscounted payments and the reconciliation to the net investment from an amortisation schedule.
- Explain the disclosure objective and document the management of residual value risk.