CERTYNEX IFRS ACADEMY

The broadcaster Cinévia holds, under a licensing agreement within the scope of IAS 38, the right to broadcast a series of films for three years. How does this contract relate to IFRS 16?

It is excluded from IFRS 16: rights held by a lessee under licensing agreements within the scope of IAS 38, such as films, are excluded from the scope.

It must be accounted for under IFRS 16, because Cinévia uses a third party's asset for a period in exchange for consideration.

It falls within IFRS 15, because it is a licence of intellectual property.

Cinévia may choose to apply IFRS 16, as for any lease of an intangible asset.