IFRS 16- head lease modifications for lessee-sublessor

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Raymond
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Joined: 10 Aug 2022, 03:17

IFRS 16- head lease modifications for lessee-sublessor

Post by Raymond »

Hi, if the sublease is classified as finance lease by the sublessor ,and later the head lease is modified, how do the transactions be accounted in the sublessor's book?
In other words, , what is the corresponding adjusting entries of lease liability for the modification when the Right of use asset has been derecognized in the sublessor's book

Thanks
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Marek Muc
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Re: IFRS 16- head lease modifications for lessee-sublessor

Post by Marek Muc »

I would apply general requirements anyway with the possible implication that some entries may end up in P/L instead of adjusting RoU

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