Yakub02
Banned
Statement of cash flows Cash payments for the principal portion of the lease liability must be classified within financing activities. Cash payments for the interest portion of the lease liability are classified by applying the requirements in IAS 7:
Statement of Cash Flows for interest paid. Short-term lease payments, payments for leases of low-value assets and variable lease payments not included in the measurement of the lease liability are classified within operating activities.
Disclosure Information is provided that, together with the information provided in main financial statements gives users a basis to assess the effect that leases have on the financial position, financial performance and cash flows of the lessee.
Information is disclosed in a single note (or separate section of the financial statements). However, information already presented elsewhere in the financial statements, does not need to be duplicated as long as the information is incorporated by cross-reference in the single note or separate section about leases.
The following must be disclosed:
depreciation charge for right-of-use assets by class of underlying asset;
interest expense on lease liabilities;
expense relating to:
short-term leases accounted for by applying the recognition exemption (but not that relating to leases with a lease term of one month or less); leases of low-value assets accounted for by applying the recognition exemption (but not that relating to short-term leases of low-value assets.
Statement of Cash Flows for interest paid. Short-term lease payments, payments for leases of low-value assets and variable lease payments not included in the measurement of the lease liability are classified within operating activities.
Disclosure Information is provided that, together with the information provided in main financial statements gives users a basis to assess the effect that leases have on the financial position, financial performance and cash flows of the lessee.
Information is disclosed in a single note (or separate section of the financial statements). However, information already presented elsewhere in the financial statements, does not need to be duplicated as long as the information is incorporated by cross-reference in the single note or separate section about leases.
The following must be disclosed:
depreciation charge for right-of-use assets by class of underlying asset;
interest expense on lease liabilities;
expense relating to:
short-term leases accounted for by applying the recognition exemption (but not that relating to leases with a lease term of one month or less); leases of low-value assets accounted for by applying the recognition exemption (but not that relating to short-term leases of low-value assets.
