Document ID: chunk:federal_register_of_legislation:F2025C00209:front:0:p36
Version: federal_register_of_legislation:F2025C00209
Segment Type: other
Provision Reference: 
Character Range: 107747–111302

the information that would otherwise be required by paragraph 106(b) in respect of the accounting policy changes made in applying the practical expedient.

Finance Leases – Lessors
      1.                  A lessor shall make the following disclosures for finance leases:
           1.                     a reconciliation between the gross investment in the lease at the end of the reporting period and the present value of lease payments receivable at the end of the reporting period. In addition, a lessor shall disclose the gross investment in the lease and the present value of lease payments receivable at the end of the reporting period, for each of the following periods:
                1.                      not later than one year;
                2.                    later than one year and not later than five years; and
                3.                  later than five years;
           1.                    unearned finance income;
           2.                     the unguaranteed residual values accruing to the benefit of the lessor;
           3.                    the loss allowance for uncollectable lease payments receivable;
           4.                     income relating to variable lease payments not included in the measurement of the net investment in the lease; and
           5.                     a general description of the lessor's significant leasing arrangements, including, for example, information about variable lease payments, renewal or purchase options and escalation clauses, subleases, and restrictions imposed by lease arrangements.
          [Based on IFRS for SMEs Standard paragraph 20.23]

Operating Leases – Lessors
      1.                  A lessor shall disclose the following for operating leases:
           1.                     the future lease payments under non-cancellable operating leases for each of the following periods:
                1.                      not later than one year;
                2.                    later than one year and not later than five years; and
                3.                  later than five years;
           1.                    total variable lease payments that do not depend on an index, or a rate, recognised as income; and
           2.                     a general description of the lessor's significant leasing arrangements, including, for example, information about variable lease payments, renewal or purchase options and escalation clauses and restrictions imposed by lease arrangements.
          [Based on IFRS for SMEs Standard paragraph 20.30]

      1.                  In addition, the requirements for disclosure about assets in accordance with the sections covering of Property, Plant and Equipment and Investment Property at Cost, Intangible Assets other than Goodwill, and Impairment of Assets apply to lessors for assets provided under operating leases. [IFRS for SMEs Standard paragraph 20.31]

Sale and leaseback transactions
      1.                  Disclosure requirements for lessees and lessors apply equally to sale and leaseback transactions. The required description of significant leasing arrangements includes description of unique or unusual provisions of the agreement or terms of the sale and leaseback transactions. [IFRS for SMEs Standard paragraph 20.35]

Not-for-profit lessees – Leases with significantly below-market terms and conditions
      1.                  In addition to the disclosures required in paragraphs 144–146, where a lessee is a not-for-profit entity and elects to measure