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Intercompany Leases

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Intercompany Leases

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  • February 22, 2019 at 10:59 pm #506263
    eagledave
    Participant
    • Topics: 23
    • Replies: 294
    • ☆☆☆

    Hi there,

    Please can you share a guidance for intercompany leases? What happens to the right of use booked by lessee and the rental income booked by lessor at consolidation?

    Thanks,

    Ed

    February 25, 2019 at 10:06 pm #506527
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Hi,

    All intragroup balances would be eliminated on consolidation, including lease balances.

    Thanks

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