Disclosures for Capital and Operating Lease

Both Lessor and Lessee are required to provide disclosures related to Capital and Operating leases. The following disclosures are required under US GAAP.

Disclosure Requirements for Lessees

Lessee Capital Lease Disclosure Requirements

A description of the general leasing arrangements
Disclosure of the gross amount of assets recorded under capital leases presented by major asset class and the total amount of accumulated depreciation.
Separate identification of related obligations as capital lease obligations in the balance sheet with classification as current or non-current as appropriate.
Disclosure of the minimum future lease payments in total and for each of the next five years, presenting a deduction for the amount of imputed interest to reduce the net minimum future lease payments to their present value

Lessee Operating Lease Disclosure Requirements

A description of the general leasing arrangements
Disclosure of the future minimum rental payments in total and for each of the next five years for non-cancellable leases of more than one year
Disclosure of current year rental costs

Disclosure Requirements for Lessors

Lessor Capital Lease Disclosure Requirements

A description of the general leasing arrangements
The total future minimum lease payments receivable with separate deductions for executory costs and uncollectibles
Unguaranteed residual values accruing to the government
Minimum lease receipts for each of the five succeeding fiscal years
Any unearned income offset against initial direct costs
Total contingent rentals of the period

Lessor Operating Lease Disclosure Requirements

A description of the general leasing arrangements
Cost and carrying amount of leased assets
Depreciation on leased assets
For non-cancelable leases, minimum future rentals in the aggregate and for each of the five succeeding fiscal years
Total contingent rentals of the period

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Disclosures for Capital and Operating Lease

Disclosure Requirements for Lessees

Lessee Capital Lease Disclosure Requirements

Lessee Operating Lease Disclosure Requirements

Disclosure Requirements for Lessors

Lessor Capital Lease Disclosure Requirements

Lessor Operating Lease Disclosure Requirements

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Effect of Leases on Financial Statements for Lessors

Defined Benefits Plans vs. Defined Contribution Plans

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Non-current (Long-term) Liabilities