Presentation by the lessor

Learning objectives

• Identify the lessor's presentation of assets subject to operating leases according to their nature and of the net investment as a receivable.L2

Normative references

• IFRS 16 §88The lessor presents underlying assets subject to operating leases in its statement of financial position according to the nature of the underlying asset.

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

6 questions

• True or false? The lessor presents underlying assets subject to operating leases in its statement of financial position according to the nature of those assets.L2
• True or false? Mirabeau, which leases out an office building under an operating lease, presents it in its statement of financial position as a receivable, at the present value of the lease payments still to be received.L2
• True or false? At the commencement date of a finance lease, the lessor presents assets held under that lease as a receivable at an amount equal to its net investment in the lease.L2
• Rouvray leases a fleet of mini-excavators, which it continues to own, to construction companies under operating leases. How does it present these machines in its statement of financial position?L2
• Dorlane, a lessor, leases a harbour crane under an operating lease and several straddle carriers under finance leases. Which presentation in Dorlane's statement of financial position is correct?L2
• True or false? The lessor under a finance lease continues to present the underlying asset within its property, plant and equipment and adds a receivable for the lease payments receivable.L2