Disclosures

Question 2

IFRS 16 Leases: What are the F/S disclosures for a lessee?

Answer 2

Right of use asset to be presented as a separate line item on the face of the statement of financial position.

or

Included within another line item that would have been used if the assets were owned. The entity must disclose which line item includes right-of-use assets.

IFRS 16 requires lessees to disclose the following amounts:

• The depreciation charged on right-of-use assets.
• Interest expenses on lease liabilities.
• The expense relating to short-term leases and leases of low-value assets.
• Cash outflows for leased assets.
• right-of-use asset additions.
• The carrying amount of right-of-use assets.
• Maturity analysis of lease liabilities.