It does not matter, because also the lessor can cancel the lease without any penalty. The situation would be different if the right to terminate the lease on a short-term notice has just one party: If the right to terminate the lease with 2 months notice has just the lessee and the les...
– Termination option: If it is determined that the lessee is not reasonably certain not to terminate the lease early, then the lease payments include the termination penalty. – Purchase option: If it is determined that the lessee is reasonably certain to exercise an option to purchase an ...
Lease payments shall include:Fixed payments (including in-substance fixed payments), Variable payments that depend on some index or rate, Payment for residual value guarantee, and Payment for purchase option or penalty of termination if the lessee is reasonably certain to exercise those options....
Under IFRS 16, lease term equals the non-cancelable period for which the lessee has a right to use the underlying asset together with periods covered by an extension option which the lessee is reasonably certain to exercise and a termination option which the lessee is reasonably certain not to...
Revenues and the related cost of sales are recognised at the inception of the finance lease. Assets obtained under finance leases are included in property, plant and equipment at cost less accumulated depreciation and impairment if any (see Note 15 "Property, plant and equipment"), unless ...
16 Airbus SE Unaudited Condensed Interim IFRS Consolidated Financial Information for the three-month period ended 31 March 2019 Financing Liabilities (In € million) Bonds and commercial papers Liabilities to financial institutions Loans Finance lease liabilities Others (1) Total long-term financing ...
Further, IFRS 9 does not define 'reasonable compensation' and an insurer will need to apply judgement when determining whether any penalty for early termination is reasonable compensation. In doing this, it appears that an insurer may consider: – which party can exercise the early repayment ...
Revenues and the related cost of sales are recognised at the inception of the finance lease. Assets obtained under finance leases are included in property, plant and equipment at cost less accumulated depreciation and impairment if any (see Note 15 "Property, plant and equipment"), unless ...