Thank you for answer.
I’ve just found FAQ PwC. They say, that «payments made before the commencement of a lease are classified as investing cash flows, as these are cash payments for the acquisition of the right-of-use asset».
Search found 2 matches
- 07 Jun 2021, 16:00
- Forum: IFRS-related topics
- Topic: Prepayments-cash flow (IFRS 16)
- Replies: 5
- Views: 3131
- 07 Jun 2021, 08:50
- Forum: IFRS-related topics
- Topic: Prepayments-cash flow (IFRS 16)
- Replies: 5
- Views: 3131
Prepayments-cash flow (IFRS 16)
Hello, Forum Members.
Where do prepayments go on cash flow under IFRS 16?
There is no lease liability, advance payments include only in right-of-use asset.
So it is not within financing activities under IFRS 16:50(а).
Thank you.
Where do prepayments go on cash flow under IFRS 16?
There is no lease liability, advance payments include only in right-of-use asset.
So it is not within financing activities under IFRS 16:50(а).
Thank you.