The new leases standard: part 3

This instalment of our Leases series is all about the lease payments. Under AASB 16 Leases, lessees are required to recognise most leases on balance sheet as a right-of-use asset with a corresponding lease liability. The lease liability is measured at the present value of the lease payments, which begs the question: which lease payments should be included in determining the lease liability, both initially and subsequently?

Read our other instalments: