[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-24542-105":59,"doc-detail-24542-en":107},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":100,"head_meta":102,"extra_data":104,"updated_unix":106},105,"en","ifrs-16-sub-lease","IFRS-16 Sub-Lease","","This document details the accounting treatment for sub-leases under IFRS 16. A sub-lease occurs when an intermediate lessor re-leases an underlying asset to a third party while the head lease with the original lessor remains active. The intermediate lessor is required to account for both the head lease and the sub-lease as distinct contracts, applying both lessee and lessor accounting standards. The classification of the sub-lease as either a finance lease or an operating lease depends on the intermediate lessor's perspective, specifically concerning the right-of-use (ROU) asset obtained from the head lease, which is treated as the underlying asset in the sub-lease, not as property, plant, and equipment. If the intermediate lessor cannot readily determine the implicit rate for the sub-lease at its commencement, the discount rate of the head lease, adjusted for any initial direct costs of the sub-lease, should be used for accounting purposes. The document further elaborates on accounting by the original lessee/intermediate lessor, distinguishing between scenarios where the head lease is accounted for under IFRS 16 and when it is accounted for under an exception. When the head lease is under IFRS 16, the accounting for the sub-lease separates into operating lease and finance lease treatments. If the sub-lease is an operating lease, the intermediate lessor continues to recognize the ROU asset and lease liability of the head lease, while recognizing lease income from the sub-lease on a straight-line or systematic basis over the lease term. If the sub-lease is a finance lease, the intermediate lessor derecognizes the ROU asset of the head lease transferred to the sub-lessee and recognizes the net investment in the sublease, with any difference impacting profit or loss. The intermediate lessor continues to recognize the lease liability of the head lease and recognizes both finance income on the sub-lease and interest expense on the head lease during the sub-lease period. If the head lease is accounted for using an exception from IFRS 16, such as a short-term lease, the intermediate lessor must classify the sub-lease as an operating lease. Additionally, if a lessee subleases an asset, the head lease does not qualify as a lease of a low-value asset.",{"@graph":69,"@context":99},[70,84],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/ifrs-16-sub-lease/24542",{"url":83,"name":65,"@type":85,"author":86,"headline":65,"publisher":89,"fileFormat":92,"description":67,"dateModified":93,"datePublished":93,"encodingFormat":92,"isAccessibleForFree":94,"interactionStatistic":95},"DigitalDocument",{"name":87,"@type":88},"Patrick","Person",{"url":74,"name":90,"@type":91},"DocShare","Organization","application/pdf","2026-05-07",true,{"@type":96,"interactionType":97,"userInteractionCount":4},"InteractionCounter",{"@type":98},"ViewAction","https://schema.org",{"og:url":83,"og:type":101,"og:title":65,"og:site_name":90,"og:description":67},"article",{"robots":103,"canonical":83},"index,follow",{"doc_id":105,"site_id":62},24542,1778189063,{"code":4,"msg":5,"data":108},{"doc_id":105,"user_id":109,"nickname":87,"user_avatar":110,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":66,"file_id":111,"file_url":112,"file_type":113,"file_size":114,"view_count":4,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":81,"language":115,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":66,"faqs":66,"seo_title":116,"seo_description":67,"update_tm":106,"read_time":39},549758146520,"https://ap-avatar.wpscdn.com/avatar/80002397d8c0411e94?_k=1775819394049821470","cbCaidCVrDVbtCDo","https://ap.wps.com/l/cbCaidCVrDVbtCDo","pdf",302053,"English","IFRS-16 Sub-Lease | PDF"]