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Carrying Value

The amount/ value at which an asset is recognized after deducting any accumulated depreciation (for physical assets) / amortization (for...

Carrying Amount

The amount at which an asset is recognized after deducting any accumulated depreciation (for physical assets) / amortization (for financial...

Non-Cancellable Lease

A lease that cannot be cancelled in ordinary situations by either party. However, it may be cancelled or become cancellable...

Lease

A contract in which an owner of property/ usable asset (a lessor) places it at the disposal of another party...

Capital Lease

A type of lease in which a financier (a finance company, a bank) is and remains the legal owner of...

Financing Lease

A type of lease in which a financier (a finance company, a bank) is and remains the legal owner of...

Finance Lease

A type of lease in which a financier (a finance company, a bank) is and remains the legal owner of...

Service Lease

A lease contract that provides a lessee the right to use an asset without enjoying the benefits of ownership. The...

Operating Lease

A lease contract that provides a lessee the right to use an asset without enjoying the benefits of ownership. The...

Shareholders’ Equity

The amounts of funds that have been provided by owners of a business (firm) as well as their claims on...