Regardless of the lease classification or the accounting standard, the current/non-current classification is calculated the same way.
Let's say we input the following details into Cradle:
Commencement/transition date: 2020-01-01
Discount rate: 3%
Accounting end date: 2022-12-31
Payment timing: In Advance
Payment Frequency: Every Month
Pay on Day Of Month: First day of the month
Fixed Payment Amount: $20,000
ROU End Date: 2022-12-31
If we run the disclosure report for the following date range:
It will result in the following:
(In this example, the lease liability is classified as a finance lease)
How are these figures calculated? Refer here for an excel calculation that shows you how the numbers are derived.