FA
Dashboard / Fixed Assets / IFRS 16 Leases

IFRS 16 Lease Contracts & ROU Assets (SCR-FA-06)

Right-of-Use (ROU) asset schedules, present value discount rates, and lease liability amortization

Active Leases
3 Contracts
Commercial & Plant
Total ROU Assets
AED 16,420,000.00
Balance Sheet Asset
Total Lease Liability
AED 14,810,000.00
Present Value Obligations
Incremental Borrowing Rate
6.25% p.a.
Discounting Standard
Lease Contract No. Lessor (Landlord) Company Entity Leased Asset / Premises Commencement Expiry ROU Asset Value Lease Liability Discount Rate Status Actions
LSE-2024-001 Emaar Properties PJSC Bizwave Holding LLC Level 34, Boulevard Plaza Tower 1 (Downtown HQ) 01-Jan-2024 31-Dec-2028 AED 12,500,000.00 AED 11,200,000.00 6.25% Active
LSE-2024-002 Dubai Maritime City Authority Marina Heights Dev LLC Plot 392 Temporary Contractor Site Compound 15-Jan-2024 30-Jun-2027 AED 2,800,000.00 AED 2,510,000.00 6.50% Active
LSE-2025-001 Al-Naboodah Equipment Hire Palm Crest Luxury LLC Heavy Piling Machinery Equipment Package 01-Feb-2025 31-Dec-2026 AED 1,120,000.00 AED 1,100,000.00 6.00% Active