Postponing the first payment date
For finance lease contracts where a rent-free period and payment in advance have been agreed, you can postpone the date of the first payment.
 | You must first register a rent-free period. See Registering a rent-free period. |
The Postponed payment date field (see also Contract line fields for lease accounting) on the contract line allows you to postpone the first payment. From an accounting point of view, the right-of-use starts immediately at the beginning of the contract; the impact on the liability is only at the time of the first payment. Planon will adjust the relevant calculations accordingly.
| | This feature only applies to IFRS 16 - lessee contracts. |
Example
• Finance lease contract (IFRS 16)
• Contract start date: 01/01/2018
• Duration: 10 years
• Payment frequency: quarterly, in advance
• Lease amount: €7,500 per month
• Rent-free period until the first of May
• First payment date: this would actually be 1 April 2018, but has been postponed to May 2018
Since the first payment is postponed:
◦ the present value of the first payment is calculated with May as a reference
◦ the impact on the liability will be in May