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1 G Ifrs 16 Example Lease Modification Change in Consideration 01
1 G Ifrs 16 Example Lease Modification Change in Consideration 01
Below are calculations accompanying the example available on IFRScommunity.com under direct link below:
https://ifrscommunity.com/knowledge-base/ifrs-16-recognition-and-measurement-of-leases/#link-ifrs_16_example_lease
On IFRScommunity.com, years are written as 20X1, 20X2 etc., but this changes to 2001, 2002 etc. whenever a spreadsheet
Hence this example starts in 2001, but is NOT outdated at all :)
6% discount rate
year opening (1 Jan) discount payment (31 Dec) closing (31 Dec)
2001 736,009 44,161 (100,000) 680,169
2002 680,169 40,810 (100,000) 620,979
2003 620,979 37,259 (100,000) 558,238
2004 558,238 33,494 (100,000) 491,732
2005 491,732 29,504 (100,000) 421,236
2006 421,236 25,274 (100,000) 346,511
2007 346,511 20,791 (100,000) 267,301
2008 267,301 16,038 (100,000) 183,339
2009 183,339 11,000 (100,000) 94,340
2010 94,340 5,660 (100,000) (0)
1,000,000
736,009
263,991
1,000,000
389,518.8
year opening (1 Jan) discount payment (31 Dec) closing (31 Dec)
2006 389,519 27,266 (95,000) 321,785
2007 321,785 22,525 (95,000) 249,310
2008 249,310 17,452 (95,000) 171,762
2009 171,762 12,023 (95,000) 88,785
2010 88,785 6,215 (95,000) -
975,000
704,291
270,709
975,000
rect link below:
/#link-ifrs_16_example_lease_modification_change_in_consideration_01
Total payments
Depreciation expense
Discounting expense
Total expense
d discount rate
Total payments
Depreciation expense
Discounting expense
Total expense