CERTYNEX IFRS ACADEMY

Historical reminder. In 2021, four lessees of the Brisane group obtained the following rent concessions from their lessors as a direct consequence of the Covid-19 pandemic. Which one met all the conditions of the practical expedient then applicable?

A discount on the 2021 payments, granted in exchange for a five-year extension of the lease on new terms.

A deferral of the April to June 2021 payments to 2022, the total consideration remaining almost the same and no other clause changing.

A discount on the 2021 payments offset by higher future payments bringing the total consideration well above the original one.

A reduction of the payments for the second half of 2022, with no other change to the lease.