Hi, I hope you can help me with my inquiry.
We have a client who is currently leasing out burial spaces in their memorial park, will this be covered by IFRS 16?
IFRS 16 - Leasing in memorial parks
Re: IFRS 16 - Leasing in memorial parks
I imagine it's more akin to a service contract rather than providing use of an 'asset'.
Re: IFRS 16 - Leasing in memorial parks
seems like a subsurface right
https://www.ifrs.org/news-and-events/up ... e-2019/#10
https://www.ifrs.org/news-and-events/up ... e-2019/#10
- Jessa Marie
- Posts: 11
- Joined: 14 Oct 2020, 09:39
Re: IFRS 16 - Leasing in memorial parks
Thank you for your answers!