Hi Marek, thanks for the question.
Best scenario in this case would be to terminate the contract immediately.
However, at the moment there is no other way out but negotiating early exit with the lessor.
Search found 2 matches
- 26 Mar 2024, 20:34
- Forum: IFRS-related topics
- Topic: IFRS 16 vs discontinuing operations
- Replies: 3
- Views: 430
- 26 Mar 2024, 09:59
- Forum: IFRS-related topics
- Topic: IFRS 16 vs discontinuing operations
- Replies: 3
- Views: 430
IFRS 16 vs discontinuing operations
Hello IFRS Community, I have a question related to the following case: Company A has a subsidiary B in a different country which does standard business operations and has a valid long term lease contract. As of 31.12.2022 decision was made to slowly shut down operations and withdraw from the market....