15.6 Change in the discount rate

Change in the discount rate for an existing contract follows IFRS 16.40. This can result from a change in the lease term or change in the assessment to purchase the underlying asset.

Click Discount rate as shown below. Here, the discount rate is changed on the date of the change (We set it to October 21st 2020, as an example, and change the discount rate from 3 to 4).

Click Save, update the calculation file and then click on the contract to review the calculation.

For changes in discount rate for contracts that are based on a rate, we refer to the sections where we discuss changes based on an index or rate (See sections 13.1 and 13.2).