Operating lease finance in the UK retail sector

  title={Operating lease finance in the UK retail sector},
  author={Alan Goodacre},
The paper documents the importance of leasing in the UK retail sector and estimates the potential balance sheet impact of new accounting proposals to bring all leases onto lessees’ balance sheets. Off-balance sheet operating leases are shown to be a major source of finance, and far more important (3.3 times higher) than onbalance sheet long-term debt; by contrast, finance leases are immaterial. Operating leased assets, the major part of which is ‘land and buildings’ (98%), represent a… CONTINUE READING

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