Sublease Schedule Data

Purpose 

The sublease schedule data will list all details for each lease that is classified as an operating sublease. This data will be helpful for disclosure and budgeting purposes. This report shows each deferred rent transaction associated with the sublease as well as lease income for the sublease.

Quantitative Disclosure Guidance

Below is the lease quantitative disclosure guidance

ASC 842-20-50-4 For each period presented in the financial statements, a lessee shall disclose the following amounts relating to a lessee’s total lease cost, which includes both amounts recognized in profit or loss during the period and any amounts capitalized as part of the cost of another asset in accordance with other Topics, and the cash flows arising from lease transactions:

 a. Finance lease cost, segregated between the amortization of the right-of-use assets and interest on the lease liabilities. 

b. Operating lease cost determined in accordance with paragraphs 842-20-25-6(a) and 842-20-25-7. 

c. Short-term lease cost, excluding expenses relating to leases with a lease term of one month or less, determined in accordance with paragraph 842-20-25-2. 

d. Variable lease cost determined in accordance with paragraphs 842-20-25-5(b) and 842-20-25- 6(b). 

e. Sublease income, disclosed on a gross basis, separate from the finance or operating lease expense. 

f. Net gain or loss recognized from sale and leaseback transactions in accordance with paragraph 842-40-25-4. 

g. Amounts segregated between those for finance and operating leases for the following items:

1. Cash paid for amounts included in the measurement of lease liabilities, segregated between operating and financing cash flows
2. Supplemental noncash information on lease liabilities arising from obtaining right-of-use assets 
3. Weighted-average remaining lease term Presentation and disclosure 9-9 
4. Weighted-average discount rate.

How To

Navigation:

NetLease > Reports > Management Report > Sublease Schedule Data

Filtering:

The report search can be narrowed down by adjusting the filters for customized segments assigned to the company. Date filters are not relevant to this report, as the report shows all modified leases regardless of commencement or end dates. Once desired filters are set, click Generate Report and the file is exported to Excel.

Results

The report will generate an Excel workbook that lists each transaction associated with leases classified as an operating sublease.