Online Updated Classes for CA CS CMA Subjects for Nov 21/May 22 Exams. Enroll Now!! Call: 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

CA Sivasankar (Professional)     13 July 2019

Internal sublease income treatment under ifrs16

Dear All,

we are following IFRS 16 for our international firm. As per IFRS 16 sub lease income has to be credited in Right of Use amortization expense grouping. we have peculiar case of Internal sub lease income to another entity under same group. we are expensing say 100K as ROU expense and receiving 20K as sub lease income. Hence we have 80K as expense in ROU amortization group.  In the other entity we are expensing 20K as rent expense as there is no third party liability. can anybody advise is this treatment is correct as per IFRS 16?



 1 Replies

CA Sachin Rastogi

CA Sachin Rastogi (Audit/IFRS Manager)     18 August 2019

Your question is not clear. Please be succinct in giving an example with complete details.  


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags