Lease liability

At commencement, discount included lease payments that are unpaid using the interest rate implicit in the lease if readily determinable; otherwise use the lessee’s incremental borrowing rate. Subsequently increase the liability for interest and reduce it for lease payments, with remeasurement when required. The related right-of-use asset is measured separately and can differ because of prepayments, incentives and other cost components. Short-term and low-value exemptions may apply if the conditions and elections are met.