Our solutions comply with IFRS: International Financial Reporting Standards. All quoted companies in the EU draw up their consolidated annual accounts in accordance with these standards. In the near future unquoted companies will also follow IFRS.
We share our customers’ thinking to ensure that operating lease structures comply with IFRS.
Under IFRS you are looking at an operating lease if:
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The lease term corresponds to 75% or less of the estimated useful life of the asset
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The net present value of the payments represents not more than 90% of the purchase price of the asset