Intercompany Leases

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

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February 22, 2019 at 10:59 pm #506263
eagledave
Participant
- Topics: 22
- Replies: 292
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: 7235
Hi,

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

Thanks
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