IFRS16 Leases shared contracts

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AFNAN
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Joined: 24 Jun 2022, 11:36

IFRS16 Leases shared contracts

Post by AFNAN »

Hello everybody,

I wanted to ask a question about Leasing contracts,
In fact we have leasing contracts for cars that we support as a company in half, and the other halkf is supported by our collaborators,
Should we include these contracts in the IFRS 16 treatement?

Thank you in advance.
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Marek Muc
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Re: IFRS16 Leases shared contracts

Post by Marek Muc »

Hi, please provide a short overview of the responsibilities of the parties and rights over the leased cars
AFNAN
Posts: 2
Joined: 24 Jun 2022, 11:36

Re: IFRS16 Leases shared contracts

Post by AFNAN »

The provision of the vehicle to the employee constitutes a definitive and irrevocable commitment by the employee to pay the monthly instalments due under the lease. In this respect, the employee authorises The company to deduct from his monthly salary the sum due in respect of the 50% of the "rental payments" to be paid by him for the payment of the costs associated with the purchase of the vehicle (acquisition, maintenance, insurance, assistance, technical inspection). This rent is broken down as follows

- 110% of the lease payment due by the employee (the additional 10% is to cover account management costs). The employee's share will be transferred monthly to the Bank account opened for this purpose.

- Car insurance and assistance costs (50% to be paid by the employee)

- Vehicle maintenance and technical inspection costs (50% to be paid by the employee)
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