Under AASB 117,operating leases require the following disclosures by lessees:

Question

Quizplus · Accepted Answer

Under AASB 117, lessees are required to disclose the total of future minimum sublease payments expected to be received under non-cancellable subleases at the statement of financial position date, and a general description of the lessee's significant leasing arrangements for operating leases. Therefore, the best choice is D which includes both required disclosures. Option A is incorrect as it only includes information on sublease payments received, not made. Option B is partially correct, but does not include information on future sublease payments. Option C is incorrect as disclosures for operating leases are required.

Under AASB 117,operating Leases Require the Following Disclosures by Lessees