We comment on ED/2010/9 'Leases'
15 Dec, 2010
Deloitte has submitted a comment letter on Exposure Draft ED/2010/9 'Leases'.
We agree with the proposed right-of-use model when it is applied to very simple lease arrangements that include a fixed term with fixed payments as we believe this will increase transparency of the economic effects of leasing arrangements to users of the financial statements. However, we have significant concerns over the application of the right-of-use model when the arrangement includes other terms such as options and contingencies.
Click to Download our Comment Letter (PDF 146k).