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IND AS 116
Financial Reporting
Hello sir, For example, assuming I own a company in any SEZ area and I have given a land along with infrastructure facilities for which I have paid an amount upfront. Infrastructure facilities include power supply, road etc., which is used by others too which will be a common asset. Can I consider these facilities as lease?
Answers (5)
shivaji hari
NO , there is no identified assets here even we can't physically distinct or its represents significantly all generally about 90% of the capacity of the asset ...So that we can't consider as lease ..
It will be an identified asset however we may not be able to prove the fact of substantially of the benefits
Thread Starter
Suresh AvinashIt will be an identified asset however we may not be able to prove the fact of substantially of the benefits
Power of supply , it is physically not identified and we know don't which unit of supply using exactly , so that we can't identified asset physically
Thread Starter
Suresh AvinashIt will be an identified asset however we may not be able to prove the fact of substantially of the benefits
Power of supply , it is physically not identified and we don't know , which unit of supply using exactly , so that we can't identified asset physically
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