Decision of 2019: liabilities for which the operator is primarily liable

Learning objectives

• Assess which liabilities a joint operator recognises when it is the primary obligor under a lease relating to the joint operation.L3, L4

Normative references

The syntheses of the reference register are written in French: only the paragraph reference is shown here.

1 question

• Orca SA, a joint operator, is the principal lessee under a lease of equipment used by the joint operation; the other parties reimburse it for their share of the lease payments (case facts). What is concluded in light of the Interpretations Committee's 2019 decision on a joint operator's liabilities?L3