CERTYNEX IFRS ACADEMY

Pervenche is preparing its statement of profit or loss and other comprehensive income. Which statements on the presentation of expenses relating to its leases recognised in the statement of financial position are accurate? (several answers)

A single lease expense line may combine the interest expense and the depreciation charge for the right-of-use asset.

Interest expense on the lease liability is presented separately from the depreciation charge for the right-of-use asset.

Interest expense on the lease liability is added to the right-of-use asset and then depreciated with it.

The depreciation charge for the right-of-use asset cannot include the interest expense on the lease liability.

Only the amount of lease payments made during the year is presented as an expense.