EIOPA · 1809
1809
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2019-05-02
- Answered
- 2019-10-15
Question
We understod from Eiopa guidelines and documents that in relation to leasing contracts same valuation and recognition logics shall be applied as in IAS/IFRS16 . Nevertheless it is not clear where Eiopa expect leased assets (right of use of leased assets) to be presneted in BS and whether leased assets (from lessee perspective) shall be presented also in "list of assets" QRT
Answer
Rights of use recognised as applied in IFRS 16 shall be reported in Balance sheet according to the nature of the leased asset, e.g the right of use of a building (for own use) shall be reported under Property, plant & equipment held for own use. Where the leased asset falls under the scope of other templates, e.g. S.06.02, the right of use shall also be reported in the relevant template also according to the nature of the leased asset. Where the amount of rights of use is not immaterial, detailed information on leased assets is expected in the RSR and SFCR.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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