We summarise below our overall views as to why amendment of IAS 40 will provide more meaningful financial reporting than scoping the leasing of real estate assets as lessor into a generic leasing standard.
We have not, therefore, addressed many of the specific questions raised by the boards in the discussion paper as we do not consider them applicable to our position.
However, we have included as Appendix A our specific responses to certain questions which we believe to be relevant to our industry.
