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Stupid Question - Operating Lease Disclosure

JamesBJamesB Feels At HomeRegistered Posts: 51
in General accounting discussion
Quick question.

Say I have an operating lease which I take out at the end of the accounting year that is for 6 years @ £10k per annum.

In the disclosure do I put

due <1 yr £10k
due 2-5yrs £40k
due >5yrs £10k

Just want to be sure :thumbup1:

J

Comments

  • deanshepherddeanshepherd Font Of All Knowledge Registered Posts: 1,809
    Disclosure is not my strong point but..

    I think you just state the annual commitment of leases expiring.

    e.g. Expiring > 5yrs £10k
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