CERTYNEX IFRS ACADEMY

Historical reminder. In its 2021 financial statements, the lessee Glycine applied the practical expedient for Covid-19-related rent concessions (applicable only to payments originally due on or before 30 June 2022). What information did it have to disclose in this respect? (several answers)

The names of the lessors that granted a concession.

The incremental borrowing rate used to remeasure each lease liability concerned.

Whether it had applied the expedient to all qualifying concessions or, if not, the nature of the contracts concerned.

The fair value of right-of-use assets at the date of each concession.

The amount recognised in profit or loss to reflect changes in payments arising from concessions accounted for under the expedient.