(paragraphs 12-17 and B32-B33)
BC133 Some contracts contain both lease and non-lease (service) components. For example, a contract for a car may combine a lease with maintenance services. In addition, many contracts contain two or more lease components. For example, a single contract may include leases of land, buildings and equipment.
Separating lease components
BC134 IFRS 16 contains requirements for determining whether a contract that contains a lease has only one lease component or a number of lease components. The IASB noted that the identification of separate lease components in a lease contract is similar to the identification of performance obligations in a revenue contract - in both circumstances, an entity is trying to identify whether a customer or a lessee is contracting for a number of separate deliverables or contracting for one deliverable that may incorporate a number of different assets. Accordingly, rather than developing new requirements addressing how to identify se
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