Superseded by IFRS 16: Leases for annual reporting periods beginning on or after 1 January 2019. Earlier application is permitted for entities that apply IFRS 15: Revenue from Contracts with Customers at or before the date of initial application of this Standard.
2 This Standard shall be applied in accounting for all leases other than:
(a) leases to explore for or use minerals, oil, natural gas and similar non-regenerative resources; and
(b) licensing agreements for such items as motion picture films, video recordings, plays, manuscripts, patents and copyrights.
However, this Standard shall not be applied as the basis of measurement for:
(a) property held by lessees that is accounted for as investment property (see IAS 40 Investment Property);
(b) investment property provided by lessors under operating leases (see IAS 40);
(c) biological assets within the scope of IAS 41 Agriculture held by lessees under finance leases; or
(d) biological assets within the scope of IAS 41 provided by
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