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What is the objective of the disclosures for lessors?

  • To provide information on the types of leases offered
  • To disclose information that allows users to assess the effect of leases on the lessor's financial position, performance, and cash flows (correct)
  • To provide detailed information on the lessor's leasing activities
  • To disclose information on the lessor's revenue and expenses from leasing activities

    • What must lessors disclose for finance leases?

  • The date the lease was signed
  • The name of the lessee
  • The finance income and net investment in the lease (correct)
  • The residual value of the leased asset

    • What disclosure requirements must be applied for operating leases?

  • The disclosure requirements of NZ IAS 16 for intangible assets being leased
  • The disclosure requirements of NZ IAS 36 for impairment of assets being leased
  • The disclosure requirements of NZ IAS 40 for investment property being leased
  • The disclosure requirements of NZ IAS 16 for PPE being leased (correct)

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