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Sale and leaseback

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Sale and leaseback

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.
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  • May 31, 2021 at 8:37 am #622387
    nk16
    • Topics: 66
    • Replies: 36
    • ☆☆

    I didn’t understand this concept of sale n leaseback…how to identify if the transfer is the sale or not…
    When the say that if the transfer is sale it should meet the Ifrs 15 revenue s criteria…what does it mean….am confused …plz brief on it

    May 31, 2021 at 11:11 am #622406
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2526
    • ☆☆☆☆☆

    Crystal Palace own football stadium with life of 40 years.

    A. Sell and lease back for 10 years – this is a genuine sale and leaseback, so all the (complicated) rules apply.

    B. Sell and lease back for 40 years – this is NOT a genuine sale and leaseback, so it would be booked as a loan secured on the asset. PPE not derecognised.

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