07 January 2020
Disclosures if Lease is Finance leases 1.Reconciliation between the total gross investment in the lease at the balance sheet date, and the present value MLP receivable at the balance sheet date. Along with Disclosethe same in following periods (i) not later than one year; (ii) later than one year and not later than five years; (iii) later than five years; 2. Unearned finance income 3. Unguaranteed residual values 4.Accumulated provision for uncollectible minimum lease payments receivable 5. Contingent rents recognised in the statement of profit and loss for the period 6. General description of the significant leasing arrangements 7. Accounting policy adopted in respect of initial direct costs Disclosures if Lease is Operating leases 1. For each class of assets, the gross carrying amount, the accumulated depreciation and accumulated impairment losses at the balance sheet date; and (i) The depreciation recognised in the statement of profit and loss for the period; (ii) Impairment losses recognised in the statement of profit and loss for the period; (iii) Impairment losses reversed in the statement of profit and loss for the period; 2. The future minimum lease payments under non-cancellable operating leases in the aggregate and for each of the following periods: (i) Not later than one year; (ii) Later than one year and not later than five years; (iii) Later than five years; 3. Total contingent rents recognised as income in the statement of profit and loss for the period; 4. General description of the lessor ’s significant leasing arrangements; and 5. Accounting policy adopted in respect of initial direct costs. Note : In opearating Lease one also need to provide disclosure required in AS 6 & As 10
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