Ind AS 116 lease calculator

Works out the lease liability, the right-of-use asset and the yearly profit and loss effect for a lessee.

Assumes fixed payments, no escalation, no purchase option and no lease incentives. The annual rate is converted to a periodic effective rate. A payment made at commencement is added to the right-of-use asset, not the liability. Depreciation is straight-line over the term. Short-term and low-value leases may be exempted.