Search found 5 matches

by Maksharip
30 Jul 2021, 17:10
Forum: IFRS-related topics
Topic: IFRS 16 - Sublease - Discount rate and Initial Direct Cost
Replies: 0
Views: 56076

IFRS 16 - Sublease - Discount rate and Initial Direct Cost

Hello, What does IFRS 16 mean by: 68 The lessor shall use the interest rate implicit in the lease to measure the net investment in the lease. In the case of a sublease, if the interest rate implicit in the sublease cannot be readily determined, an intermediate lessor may use the discount rate used f...
by Maksharip
28 Jul 2021, 22:37
Forum: IFRS-related topics
Topic: IFRS 16 - Sublease - Unguaranteed residual value - how to write off?
Replies: 6
Views: 9470

Re: IFRS 16 - Sublease - Unguaranteed residual value - how to write off?

Hi I looked at the unguaranteed residual value as a sailing price of the building at the end of sublease, and I thought, since the standard says that the formula of Net investment in the lease includes unguaranteed residual value, I should estimate the unguaranteed residual value for my sublease cal...
by Maksharip
26 Jul 2021, 15:56
Forum: IFRS-related topics
Topic: IFRS 16 - Sublease - Unguaranteed residual value - how to write off?
Replies: 6
Views: 9470

Re: IFRS 16 - Sublease - Unguaranteed residual value - how to write off?

So, the steps I did: 1. When sublease starts I need to derecognise RoU and recognise Net Investment in the lease (and the difference hits PL). - second snip below 2. I need need to calculate Net Investment in the Lease(Lease receivables). I follow the formula: "A lessor initially measures a fin...
by Maksharip
26 Jul 2021, 14:20
Forum: IFRS-related topics
Topic: IFRS 16 - Sublease - Unguaranteed residual value - how to write off?
Replies: 6
Views: 9470

Re: IFRS 16 - Sublease - Unguaranteed residual value - how to write off?

Hi Marek, Thanks for your reply! Just to clarify: Head lease and sublease end at the same date. We don't use an office and have to sublease it to minimize the costs :roll: :D So, I had to calculate a fair value of the building and a unguaranteed residual value myself for the sublease schedule. But b...
by Maksharip
25 Jul 2021, 18:47
Forum: IFRS-related topics
Topic: IFRS 16 - Sublease - Unguaranteed residual value - how to write off?
Replies: 6
Views: 9470

IFRS 16 - Sublease - Unguaranteed residual value - how to write off?

Hello, In short, what should the sublessor do with the unguaranteed residual value (Lease receivables) at the end of the sublease, if it is not going to continue any lease/sublease operations? Little bit more details: The company subleases an office building as financing lease. At the end of the lea...