For airline companies, when transitioning from AASB 117 to AASB 16, there's going to be a lot of leases that are now considered ROU assets (with its respective lease liabilities) For Virgin Australia's 2019 report, the lease liability and the ROU values aren't the same - why is this? I initially thought it might be interest, but that's accounted separately. Also, what would the amount set aside for "Other" be for?

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Right-of-use assets Lease liabilities Maintenance provisions Other Estimated impact of adopting AASB 16 at 1 July 2019 $m 1,100 1,300 (1,850) - (2,050) (350) - (450) (90-100) Right-of-use assets Lease liabilities Maintenance provisions Other Estimated impact of adopting AASB 16 at 1 July 2019 $m 1,100 1,300 (1,850) - (2,050) (350) - (450) (90-100)

Answer rating: 100% (QA)

1 Initial recognition of Lease liability at present value of remaining lease payment to be made disc... View the full answer