Stupid Question - Operating Lease Disclosure
JamesB
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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
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
I think you just state the annual commitment of leases expiring.
e.g. Expiring > 5yrs £10k