IFRS 16 - Leasing in memorial parks

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Jessa Marie
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IFRS 16 - Leasing in memorial parks

Post by Jessa Marie »

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?
JRSB
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Re: IFRS 16 - Leasing in memorial parks

Post by JRSB »

I imagine it's more akin to a service contract rather than providing use of an 'asset'.
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Marek Muc
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Re: IFRS 16 - Leasing in memorial parks

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Jessa Marie
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Re: IFRS 16 - Leasing in memorial parks

Post by Jessa Marie »

Thank you for your answers! :)
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