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Throughout the period of use the lessee has to meet the following two rights: 1. the right to obtain substantially all of the economic benefits from the use of the identified asset, and 2. the right to direct the use of the identified asset.

Some illustrative background to 'Right to Use'

Throughout the period of use the lessee has to meet the following two rights:

  1. the right to obtain substantially all of the economic benefits from the use of the identified asset, and
  2. the right to direct the use of the identified asset.

...continue reading "IFRS 16 – Right to Use"