F1ANNEX

Annotations:

STANDING INTERPRETATIONS COMMITTEE INTERPRETATION SIC-27

Evaluating the substance of transactions involving the legal form of a lease

Consensus

F16.The definitions and guidance in paragraphs 49 to 64 of the framework should be applied in determining whether, in substance, a separate investment account and lease payment obligations represent assets and liabilities of the enterprise. Indicators that collectively demonstrate that, in substance, a separate investment account and lease payment obligations do not meet the definitions of an asset and a liability and should not be recognised by the enterprise include:

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .