| IFRS 16 lease liability calculation? | A lessee may elect not to apply the requirements if it's (a) a short-term lease (Less than 12 months), or (b) leases for which the underlying asset is of low value. If the answer is no, please classify the lease as a short-term lease or a low value lease in footnote disclosures. If one of these exceptions is relevant, answer no. |
| Is it a short-term lease? | A lease that, at the commencement date, has a lease term of 12 months or less. These contracts can be included for information and footnote disclosures. A lease that contains a purchase option is not a short-term lease. Information about payment of short-term lease is required in the footnote disclosures. |
| Is it a low asset value lease? | If the ROU asset (The right-of-use asset) is of low value. These contracts can be included for information and footnote disclosures. See IFRS 16 B3-B8 for guidance. |
| Is the lease a financial lease? | As a lessee, this field is to distinguish between finance leases based on the previous IAS 17, if that’s relevant for your local Gaap accounting. As a lessor, you distinguish between financial leases and operational leases using this question. See IFRS 16.61 for more information. |
| Is the lease acquired through a business combination? | The acquirer shall measure the lease liability at the present value of the remaining lease payments (As defined in IFRS 16) as if the acquired lease were a new lease at the acquisition date. The acquirer shall measure the right-of-use asset at the same amount as the lease liability, adjusted to reflect favorable or unfavorable terms of the lease when compared to market terms. |
| Date of acquisition | The date on which the acquirer obtains control of the acquiree is generally the date on which the acquirer legally transfers the consideration, acquires the assets and assumes the liabilities of the acquiree—the closing date. Enter the acquisition date for each individual lease contract, and the IFRS 16 calculation will use this date to measure the lease liability and ROU asset. |
| Is the lease a sublease? | Answer Yes if the entity provides the right to use an underlying asset for a period of time in exchange for consideration (Lessor). |
| Headlease or asset | If this is a sublease, you can select the headlease using this field. This will make calculations to consider this as part of the headlease. |