Sale and leaseback

Learning objectives

• Identify that a sale and leaseback falls within IFRS 16 and not solely within the IAS 16 calculation.L4

Normative references

• IAS 16 §68The gain or loss on derecognition is recognised in profit or loss (unless IFRS 16 requires otherwise on a sale and leaseback); gains are not classified as revenue.
• IAS 16 §69Forms of disposal (e.g. sale, entering into a finance lease, donation); date of disposal = the date the recipient obtains control in accordance with the requirements of IFRS 15 for determining when a performance obligation is satisfied.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

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