CERTYNEX IFRS ACADEMY

The lessor Finaxa has entered into a finance lease. At what amount does it present its receivable at the commencement date, and what does the difference between the gross investment and the net investment in the lease represent?

At the gross investment; the difference corresponds to the unguaranteed residual value.

At the fair value of the underlying asset; there is no difference between gross and net investment.

At the undiscounted total of the payments receivable; the difference corresponds to initial direct costs.

At the net investment; the difference corresponds to unearned finance income.