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Property Manager - EBS (MOSC)

IFRS16 Compliance - Difference in IRR value

Mar 3, 2019 10:17PM edited Mar 17, 2019 5:00AM in Property Manager - EBS (MOSC) 1 commentAnswered

Hi,

We are in 12.2.6 and in the middle if property manager implementation for IFRS16 Compliance. Current we are at CU7 patch set level.

We have observed that IRR for a monthly rent payment across the lease term differs from IRR for a one time payment at the end of the lease term.

Here are the lease details

Lease Number - L101
Lease Name - Sample Lease 101
Lease Commencement Date - 2/27/2019
Lease Termination Date - 2/26/2023
Duration in months - 48
Days Convention - 365 Days/Year
Functional Currency – AUD

Also, we have

Calculation Frequency - Periodical Amortization

Interest Method - Simple Interest

For the base rent and the rent increases associated with it, IRR that gets calculated is

0

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