Ind AS 116 Lease Calculator
Lease liability, right-of-use asset and a full amortisation schedule, with CSV download.
At commencement
Amortisation schedule
| Period | Opening liability | Interest | Payment | Closing liability | Depreciation | Closing ROU |
|---|
Assumes fixed payments, no residual value guarantee, no purchase option and straight-line depreciation of the ROU asset over the lease term. For advance payments, the first payment is made at commencement, so it is included in the ROU asset but not in the opening liability.
For reference only. Verify with the latest law, notifications and circulars before relying on any figure. DigiKits is not a firm of Chartered Accountants and does not provide tax, audit or legal advice.
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Ind AS 116 Multi-Lease Engine
Lease liability and right-of-use asset schedules for a whole lease portfolio, with modifications, rent concessions and journal entries.