CERTYNEX IFRS ACADEMY

Historical reminder. In 2020, the lessee Tamaris obtained a rent concession that met all the conditions of the practical expedient for Covid-19-related rent concessions, and it elected to apply it. Which description of this expedient is accurate?

Tamaris had to treat the concession as a modification and remeasure the lease liability using a revised rate.

The expedient applied in the same way to the lessor, which could also dispense with the analysis.

Tamaris did not assess whether there was a modification and accounted for the change in payments as if it were not one.

The expedient exempted Tamaris from any note disclosure on concessions treated in this way.