Finance lease 2020
Throughout the life of the contract, the asset owner is SGEF, which – in the Czech Republic – also accounts for depreciation and includes the lease item in its own balance sheet. For lessees, lease installments are tax-deductible costs and are reported in the profit and loss account.
In Slovakia, the item is included in the balance sheet of the lessee, who also carries out depreciation. For lessees, depreciation and interest expenses are tax-deductible costs and are reported in the profit and loss account, subject to compliance with statutory terms and conditions.