Leasing A lease is classified in this way when it transfers substantially all risks and rewards of ownership of the asset to the lessee. Presumably this
transfer of risks and benefits when there an option to purchase, no reasonable doubt that it will be exercised.
this transfer is also assumed, although there is no option in the following cases: a.
Asset ownership is transferred to the lessee by the end of the lease term. B.
The rental period matches or covers most of the economic life of the asset. C.
At the beginning of the lease the present value of minimum lease payments is substantially all agreed fair value of the leased asset. D.
It is very specific assets that make their use is restricted the tenant. E.
In case of cancellation of contract losses due to the lessor are borne by the tenant. F.
Fluctuations in the fair value of the residual amount borne by the tenant. G.
The tenant may extend the lease for a second term with fees substantially lower than market.
Lessee recorded as assets in accordance with its nature and a financial liability for the same amount (the lower of fair value of the leased asset and the present value of minimum payments agreed upon during the lease term, calculated at the beginning of it) . The finance charge is allocated over the lease term and charged to profit and loss account in the year they are incurred using the method of effective interest rate.
The landlord will recognize the results of their operation in accordance with the criteria contained in the rule for income from sales and services if the manufacturer or supplier of the leased asset in accordance with standard criteria of tangible fixed assets in other cases. Interest is charged to the profit and loss account in the year they are earned, according to the method of effective interest rate. Operating lease
The lessor conveys to the lessee the right to use an asset for a specified period in return receive a single amount or series of payments or contributions.
revenues and expenses for the landlord and the tenant, arising from these contracts will be considered, respectively, as income and expense for the year in which they are earned.
Any receipt or payment is made to recruit an operating lease is treated as a payment or prepayment and are expensed over the lease term.
sale and leaseback
When economic conditions of a sale, connected to the subsequent lease of the assets sold, it proves that it is a method of financing, leasing will be considered, and therefore, the tenant will not change the classification of assets, nor recognize any profits or losses arising from this transaction and record the amount received with payment on an item to put show the corresponding financial liability.
