Search Definitions

The following terms are used in this Standard with the meanings specified: …

Interim period is a financial reporting period shorter than a full financial year. …

Interim financial report means a financial report containing either a complete set of financial statements (as described in AASB 101 Presentation of Financial Statements ) or a set of condensed financial statements (as described in this Standard) for an …

Payments to be made by a lessee to a lessor for the right to use an underlying asset during periods covered by an option to extend or terminate a lease that are not included in the lease term …

The total period of time that an asset is used to fulfil a contract with a customer (including any non-consecutive periods of time). …

A guarantee made to a lessor by a party unrelated to the lessor that the value (or part of the value) of an underlying asset at the end of a lease will be at least a specified …

An asset that represents a lessee’s right to use an underlying asset for the lease term . …

A lease that, at the commencement date , has a lease term of 12 months or less. A lease that contains a purchase option is not a short-term …

A transaction for which an underlying asset is re-leased by a lessee (‘intermediate lessor’) to a third party, and the lease (‘head lease’) between the head lessor and lessee remains in …

An asset that is the subject of a lease , for which the right to use that asset has been provided by a lessor to a lessee . …