263 paragraphs found in AASB 16
This Standard sets out the principles for the recognition, measurement, presentation and disclosure of leases . The objective is to ensure that lessees and lessors provide relevant information in a manner that faithfully represents those transactions. …
An entity shall consider the terms and conditions of contracts and all relevant facts and circumstances when applying this Standard. An entity shall apply this Standard consistently to contracts with similar characteristics and in similar …
An entity shall apply this Standard to all leases, including leases of right-of-use assets in a sublease , except for: (a) leases to explore for or use minerals, oil, natural gas and similar non-regenerative resources; (b) leases …
This Standard does not apply to service concession assets recognised in accordance with AASB 1059 Service Concession Arrangements: Grantors …
Notwithstanding paragraph 3 , in respect of not-for-profit public sector licensors, this Standard also applies to licences that are in substance leases or contain leases, excluding licences of intellectual property. AASB 15 applies to licences of …
A lessee may, but is not required to, apply this Standard to leases of intangible assets other than those described in paragraph 3(e) …
A lessee may elect not to apply the requirements in paragraphs 22–49 to: (a) short-term leases ; and (b) leases for which the underlying asset is of low value (as described in paragraphs B3–B8 …
If a lessee elects not to apply the requirements in paragraphs 22–49 to either short-term leases or leases for which the underlying asset is of low value, the lessee shall recognise the lease payments associated with those leases as an expense on either a …
If a lessee accounts for short-term leases applying paragraph 6 , the lessee shall consider the lease to be a new lease for the purposes of this Standard if: (a) there is a lease modification ; or (b) there is any change in the …
The election for short-term leases shall be made by class of underlying asset to which the right of use relates. A class of underlying asset is a grouping of underlying assets of a similar nature and use in an entity’s operations. The election for leases …