CERTYNEX IFRS ACADEMY

Orvane leases a warehouse for 12 years from an investor (head lease) and subleases part of it to a logistics firm. The head lease is not a short-term lease. By reference to what does Orvane, as intermediate lessor, classify the sublease?

By reference to the warehouse itself, the underlying asset of the head lease.

By reference to the classification adopted by the investor, Orvane's lessor, for the head lease.

By reference to the right-of-use asset arising from the head lease.

By reference to Orvane's lease liability towards the investor.