Registering a sublease
For finance leases, you can register a sublease. The part that is subleased is specified as a percentage of the headlease. Planon uses this percentage to calculate the right-of-use that is transferred to the sublease, if required by the accounting standard.
Procedure
1. In the Contracts TSI, go to the Contracts selection level.
2. Select the headlease contract and contract line for which you want to define a sublease contract.
3. On the action panel, click Add sub.
A subcontract is created.
4. Complete the relevant fields in the data panel. For more information on the available fields, see the Contracts documentation.
 | • Planon automatically populates the accepting contracting party of the headlease as offering contracting party of the sublease. • The Payment contract? field of the sublease contract is set to No by default. |
5. Click Save.
You have now created a subcontract. You can add contract lines to the subcontract in which you define the details of the sublease. For more information on the available fields, see Contract line fields for lease accounting.
After activating the sublease contract:
◦ a proportional part of the right-of-use asset is transferred to the sublessee. When the asset is returned at the end of the sublease, the right-of-use asset is transferred back to the headlease.
◦ this is calculated and stored as residual value on the sublease.
◦ Planon generates an accounting commitment of the type SL, Sublease at the start of sublease, change of sublease and end of sublease (see Accounting commitment types).
◦ the corresponding postings are created at closure.
| | • A sublease contract can only be activated after the headlease contract is activated. • The result of a headlease amount change during a sublease, is added to the headlease's right-of-use when the sublease ends. However, if a headlease amount change is caused by a CPI index change, the proportional part of the impact is directly registered as gain/loss (GALO). |