IFRS

An entity shall apply IFRS 16 to all leases, except leases of right-of-use assets in a sublease.

• True

• False

A contract is, or contains, a lease if the contract conveys the right __________ an identified asset for a period of time in exchange for consideration.

• To use

• to control the use of

• To obtain economic benefits from

• To recognise depreciation changes of

Which of the following shall a lessee recognise at the commencement date?

• A) A right-of use asset

• B) A lease liability

• C) Deferred income

• A and B

At the commencement date, a lessee shall measure the right-of-use asset at

• Cost

• Fair Value

• Present Value

• Value in use

An increase of the applicable discount rate will have the following impact for lessee:

• A lower opertaing Profit

• Higher RoU

• Lower EBITDA

• Lower Lease Liability