Property Manager - EBS (MOSC)

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IFRS Leases Must Start from Adoption Date

in Property Manager - EBS (MOSC) 10 commentsAnswered

Hi All,

we have a requirement to start all leases before Jan-2021 which is the Adoption date in Egypt

to start calculate the PV from Jan-2021.

so if we have lease start from 01-Jul-2010 End 30-Jun-2025 how to achieve that.

my approach is to start the lease from Jan-2021 as LCD and put the remaining from Jul-2020 Payment in Jan-2021 and from Jul-2021 strat the new payment with the increase.


Thanks in Advance

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