The IASB adopted 31 March 2021 an extension of the Covid-19 provision of paragraph 46A, from 30 June 2021 to June 30, 2022. The provision allows a tenant not to consider whether rent concession falling under IFRS 16.46A is a modification of a lease, but accounting for these changes as they were not a modification. The reason for the extension is that the Covid-19 pandemic is still at its height.
Below is an overview of the effects for the lessor. We refer to more comprehensive guidance in our user manual.
https://api.sharecontrol.no/cdn/doc/ifrs16_covid19.pdf
| Financial statements 2020 have been prepared | Financial statements 2020 have not been finalized. | |
| The Company has previously applied the exemption in IFRS 16.46A
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Rent concessions from 30 June 2021 but no longer than 30 June 2022. For these agreements, the changes are retrospectively recorded with effect on equity on 1 January 2021 | Rent concessions from 30 June 2021 but no longer than 30 June 2022., will have effect from 1 January 2020. If the company has prepared figures for interim periods in 2020, these shall then be restated. |
| The company has not applied the exemption before, but is considering doing so now
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If the exemption rule has not been applied as it has not been applicable before, it can now be applied for contracts where reliefs have been granted until 30 June 2022.
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If the exemption rule has not been applied as it has not been applicable before, it can now be applied for contracts where reliefs have been granted until 30 June 2022.
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