CERTYNEX IFRS ACADEMY

Aérolia, a lessor of regional aircraft under operating leases, provides all the figures required of lessors. However, most of its fleet consists of a single model whose resale value at the end of the leases is highly uncertain, and Aérolia hedges this risk through residual value guarantees negotiated case by case. The finance director considers that the standard's list of disclosures is exhaustive and that nothing needs to be added. Which position do you defend?

The finance director is right: the standard lists the lessor's disclosures exhaustively.

These matters belong only in the management report, outside the financial statements.

Aérolia must reclassify the leases as finance leases to show the risk in the statement of financial position.

Aérolia adds to its notes qualitative and quantitative information on its risk management strategy for the rights retained in the aircraft and on the residual value guarantees.