FINANCE LEASING OF AIRCRAFT (A340s

Let us take a closer look at the differences between finance lease and hire purchase.

Transition guidance for modifications to leases previously classified as direct financing or sales-type leases under ASC 840.

It shall recognise a lease newly classified as a finance lease retrospectively in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.

Repayment of finance lease obligations (210) (228)

Instead all leases are treated in a similar way to finance leases applying IAS 17.

All leases are to be treated similar to finance leases in IAS 17.

Instead, all leases are treated in a similar way to finance leases applying IAS 17.

Instead, all leases are treated in a similar way to finance leases applying IAS No. 17.

Lessor accounting, however, remains largely unchanged and the distinction between operating and finance leases is retained.

Finance lease obligations - Non-current 25.9 28.0 28.7

Finance lease obligations - Non-current 27.8 30.9 32.1

Finance lease payments (553) (339) (1,881) (1,734)

Finance lease payments (819) (975) (2,553) (3,484)

Finance lease payments (893) (983) (2,005) (1,813)