Finance Leasing Manual - FLM31.24

First condition: consolidated accounts

In some circumstances it may be necessary for the lessor to obtain details of the treatment from its parent or ultimate parent company about the accounting treatment of the lease in group consolidated accounts (or exceptionally in the accounts of a parent company itself). If problems occur in practice because a lessor cannot obtain the necessary information from the relevant 'parent undertaking' and they cannot be solved locally, BTD4 Leasing have told the Finance Leasing Association that they would be willing to look into the particular difficulty.