CERTYNEX IFRS ACADEMY

In 20X4, the Camélia group completed a sale and leaseback transaction on its head office (according to the case data, the transfer is a sale) and recognised a gain in profit or loss. The payments include a significant variable part not included in the lease liability. Which approach to disclosures is most appropriate?

No information specific to the transaction: the head office is no longer an asset of Camélia.

Disclose the gain on the sale and leaseback among the required amounts, then consider information on the reasons for the transaction, its key terms, payments not included in the lease liability and the cash flow effect.

Show only the gain in the statement of profit or loss, with no note disclosure.

Provide qualitative information only if the transaction produced a loss.