IFRS 16 (Lessor)

Question 1

What is the
4 Criteria to Check which lesse as an lessor?

IFRS 16 (Lessor)

Answer 1

1) Lease term greater than 75% of Eco Life.

2) P.V/F.V is greater or equal to 90%

3) Specialized

4) Transfer of ownership.

Question 2

IDC GRV sab Net investment ma add huti kya Finance lease ka concept ma?

IFRS 16 (Lessor)

Answer 2

Yes sab add krka net investment bana ga.

Question 3

Lessor ka notes Reconciliation btae ga?

IFRS 16 (Lessor)

Answer 3

1) Rental-Gross

2) Granted R.V-Gross

= Gross Lease Payment

3) UGRV

=Gross Recievable in F.L

4) Less Unearned Finance Income

=Net investment in F.L

Question 4

Manufacturer ka case ma entery bta dea?

IFRS 16 (Lessor)

Answer 4

DR Investment in F.L (F.V)

Dr COGS ( Cost - P.V of UGRV )

Cr Sale ( Lower of P.V of LP or F.V )

Cr Inventory (Cost)

Question 5

Lessor modification ma konsa rate lea ga for discounting?

IFRS 16 (Lessor)

Answer 5

Old Rate

Question 6

Modification in Lessor ma 9 Step ma sa konsa step nhi ata?

IFRS 16 (Lessor)

Answer 6

Step 4 (RouA Carrying Amount), Step 7 ( Carrying Value of L.Liab and ROUA)

Question 7

Sub lease ka Case #1 ma Head lease ma IFRS 16 not apply due to short period then?

IFRS 16 (Lessor)

Answer 7

Sub lease ma bhi IFRS 16 will not be provided.

Question 8

Sub lease ka Case #2 ma Head lease ma IFRS 16 apply?

IFRS 16 (Lessor)

Answer 8

Good ha Check Sub lease ma Finance lagna ya Operating

Question 9

Sub lease ka Case #3 ma Head lease ma IFRS 16 not apply due to low value?

IFRS 16 (Lessor)

Answer 9

Jab Sub lease calssify Head lease ko bhi Recalssify to IFRS 16

Question 10

Payment by Lessor to New tenant and Old Tenant treatment?

IFRS 16 (Lessor)

Answer 10

New Tenant isa Lease Incentive when at inception of lease.

Old Tenant: Lessor expense treat krea ga and Old tennant Income.

Question 11

Payment by New Tenant to Lessor and Old Tenant treatment?

IFRS 16 (Lessor)

Answer 11

A) Lessor isa Prepayment treat krea ga.

B) New isa Intangible and old isa Income.

Question 12

Payment by New Tenant to Lessor and Old Tenant treatment?

IFRS 16 (Lessor)

Answer 12

A) Lessor isa income and old isa Expense.

B) Old isa expense and New isa Incentive.

Question 13

IDC ka kya tratment huta IFRS 16 ma?

IFRS 16 (Lessor)

Answer 13

Lesse:

-If Exception applied ( Expense out on lease term or one go)

-Ifrs 16 applied( IDC added to ROUA and Dep over lease term.

Lessor:

-Manufacturing
(- Operating ma IDC capitalize and amortise over lease term.

• Finance ma Expense out immediately.)

-Normal
(-Operating ma IDC capitalize and amortise over lease term.

-Finance ma lease payment nikalta waqt add krdea ga.