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IFRS Developments issue 171 - Sale and leaseback transactions with variable payments
A final agenda decision was issued on the accounting for sale and leaseback transactions with variable payments that do not depend on an index or rate.
In June 2020, the IFRS Interpretations Committee issued a final agenda decision highlighting that a seller-lessee must consider how variable payments affect the initial measurement of the right-of-use asset, the amount of gain or loss that relates to the rights transferred to the buyer-lessor and, thus, the related liability.
Separately, the IASB plans to propose an amendment to IFRS 16 to specify the subsequent accounting by a seller-lessee of the liability that arises in such a transaction. Learn more in this IFRS Developments.