IFRS industry insights: Shipping industry implications of the revised leasing exposure draft
This publication looks specifically at implications of the revised exposure draft on leases in the shipping industry, considering:
- Leases coming on balance sheet for lessors
- Definition of a lease
- Lessees with straight-lined expense for properties but front-loaded for many other assets
- Lessors derecognise most not-property assets and have front-loaded income.
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