Related Discussions

• IAS 16, IAS 38 and IAS 17 — Purchase of a right to use land

• Sep 18, 2012

• The Interpretations Committee received a request to clarify whether the purchase of a right to use land should be accounted for as a purchase of property, plant and equipment, purchase of an intangible asset, or lease of land.

• IAS 17 — Time pattern of user’s benefit

• Sep 04, 2008

• The IFRIC received a request for guidance on the application of paragraphs 33 and 34 of IAS 17, which state that ‘For operating leases, lease payments (excluding costs for services such as insurance and maintenance) are recognised as an expense on a straightline basis unless another systematic basis is representative of the time pattern of the user’s benefit, even if the payments are not on that basis.’ The request asked for guidance on what alternatives to straight-line recognition of lease expense might be appropriate.

• IAS 17 — Sale and leasebacks with repurchase agreements

• Mar 08, 2007

• The IFRIC considered whether the conditions for recognition of a sale in paragraph 14 of IAS 18 must be met before a transaction is accounted for as a sale and leaseback transaction under IAS 17.

• IAS 17 — Recognition of contingent rentals

• Jul 06, 2006

• The IFRIC has been asked to consider whether an estimate of contingent rentals payable / receivable under an operating lease should be included in the total lease payments / lease income to be recognised on a straightline basis over the lease term.

• IAS 17 — Leases of land that do not transfer title to the lessee

• Mar 02, 2006

• The IFRIC considered whether long leases of land would represent a situation when a lease of land would not normally be classified as an operating lease even though title does not transfer to the lessee.

• IAS 17 — Time pattern of user’s benefit from an operating lease

• Nov 03, 2005

• The IFRIC was asked to consider the income and expense recognition profile of an operating lease in which the annual payments rise by a fixed annual percentage over the life of the lease. The constituent asked whether it would be acceptable to recognise these increases in each accounting period when they are intended to compensate for expected annual inflation over the lease period.

• IAS 17 — Recognition of operating lease incentives under SIC-15

• Aug 01, 2005

• The IFRIC considered the appropriate period over which to recognise an incentive for an operating lease, when an incentive is provided and the lease contains a clause that requires rents to be repriced to market rates.

• IAS 17 — Finance subleases of finance leases

• Jun 02, 2005

• The IFRIC considered a suggestion that IAS 17 needed interpretation when assets obtained under finance leases (e.g., from manufacturers) are in turn leased immediately by intermediaries, in finance leases, to end users. This was because there was a possibility of the intermediaries treating the assets as inventory when received from the manufacturer followed by a sale to the end user.

• IAS 16 Property, Plant and Equipment and IAS 17 Leases: Depreciation of assets leased under operating leases

• Nov 04, 2004

• IAS 17 Consideration of the issues addressed in UITF Abstract 36 Contracts for sale of capacity

• Sep 30, 2003