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A finance lease is unwound like a loan: each payment is split between interest on the outstanding liability and repayment of principal. The interest element falls over the term as the liability amortises, which is why finance lease expense is front-loaded compared with a straight-line operating charge.
Interest element
Interest = Opening liability x Implicit rate
Principal element
Principal = Payment - Interest
Closing liability
Closing = Opening - Principal
In the lease documentation, or derive it as the rate that discounts the payments plus residual back to the fair value of the asset. If it is not determinable, use your incremental borrowing rate.
Yes. Under IFRS 16 the right-of-use asset is depreciated and the liability accrues interest — two separate charges.