Free IFRS 16 lease calculator
One lease: the initial lease liability and right-of-use asset, and the month-by-month schedule. Everything is calculated in your browser; the numbers you type are not sent to us.
Monthly rate = (1 + IBR) ^ (1/12) minus 1. Lease month 1 starts on the commencement date and ends the day before the same date a month later. Cash paid at commencement goes to the right-of-use asset (IFRS 16.24 and 16.26). Straight-line depreciation over the term.
Result
Initial lease liability 511,765.63, initial right-of-use asset 521,765.63.
- Initial lease liability
- 511,765.63
- Initial right-of-use asset
- 521,765.63
- Total interest over the term
- 78,234.37
The payment at commencement (10,000.00) is added to the right-of-use asset, not the liability.
| Month | Ends | Opening | Interest | Payment | Closing | ROU | Depreciation |
|---|---|---|---|---|---|---|---|
| 1 | 2026-01-31 | 511,765.63 | 2,491.05 | 10,000.00 | 504,256.68 | 513,069.54 | 8,696.09 |
| 2 | 2026-02-28 | 504,256.68 | 2,454.49 | 10,000.00 | 496,711.17 | 504,373.45 | 8,696.09 |
| 3 | 2026-03-31 | 496,711.17 | 2,417.77 | 10,000.00 | 489,128.94 | 495,677.35 | 8,696.09 |
| 4 | 2026-04-30 | 489,128.94 | 2,380.86 | 10,000.00 | 481,509.80 | 486,981.26 | 8,696.09 |
| 5 | 2026-05-31 | 481,509.80 | 2,343.77 | 10,000.00 | 473,853.57 | 478,285.16 | 8,696.09 |
| 6 | 2026-06-30 | 473,853.57 | 2,306.51 | 10,000.00 | 466,160.08 | 469,589.07 | 8,696.09 |
| 7 | 2026-07-31 | 466,160.08 | 2,269.06 | 10,000.00 | 458,429.14 | 460,892.98 | 8,696.09 |
| 8 | 2026-08-31 | 458,429.14 | 2,231.43 | 10,000.00 | 450,660.57 | 452,196.88 | 8,696.09 |
| 9 | 2026-09-30 | 450,660.57 | 2,193.61 | 10,000.00 | 442,854.18 | 443,500.79 | 8,696.09 |
| 10 | 2026-10-31 | 442,854.18 | 2,155.62 | 10,000.00 | 435,009.79 | 434,804.70 | 8,696.09 |
| 11 | 2026-11-30 | 435,009.79 | 2,117.43 | 10,000.00 | 427,127.23 | 426,108.60 | 8,696.09 |
| 12 | 2026-12-31 | 427,127.23 | 2,079.06 | 10,000.00 | 419,206.29 | 417,412.51 | 8,696.09 |
| 13 | 2027-01-31 | 419,206.29 | 2,040.51 | 10,000.00 | 411,246.80 | 408,716.41 | 8,696.09 |
| 14 | 2027-02-28 | 411,246.80 | 2,001.76 | 10,000.00 | 403,248.56 | 400,020.32 | 8,696.09 |
| 15 | 2027-03-31 | 403,248.56 | 1,962.83 | 10,000.00 | 395,211.39 | 391,324.23 | 8,696.09 |
| 16 | 2027-04-30 | 395,211.39 | 1,923.71 | 10,000.00 | 387,135.11 | 382,628.13 | 8,696.09 |
| 17 | 2027-05-31 | 387,135.11 | 1,884.40 | 10,000.00 | 379,019.51 | 373,932.04 | 8,696.09 |
| 18 | 2027-06-30 | 379,019.51 | 1,844.90 | 10,000.00 | 370,864.40 | 365,235.94 | 8,696.09 |
| 19 | 2027-07-31 | 370,864.40 | 1,805.20 | 10,000.00 | 362,669.60 | 356,539.85 | 8,696.09 |
| 20 | 2027-08-31 | 362,669.60 | 1,765.31 | 10,000.00 | 354,434.92 | 347,843.76 | 8,696.09 |
| 21 | 2027-09-30 | 354,434.92 | 1,725.23 | 10,000.00 | 346,160.15 | 339,147.66 | 8,696.09 |
| 22 | 2027-10-31 | 346,160.15 | 1,684.95 | 10,000.00 | 337,845.10 | 330,451.57 | 8,696.09 |
| 23 | 2027-11-30 | 337,845.10 | 1,644.48 | 10,000.00 | 329,489.58 | 321,755.47 | 8,696.09 |
| 24 | 2027-12-31 | 329,489.58 | 1,603.81 | 10,000.00 | 321,093.38 | 313,059.38 | 8,696.09 |
| 25 | 2028-01-31 | 321,093.38 | 1,562.94 | 10,000.00 | 312,656.32 | 304,363.29 | 8,696.09 |
| 26 | 2028-02-29 | 312,656.32 | 1,521.87 | 10,000.00 | 304,178.19 | 295,667.19 | 8,696.09 |
| 27 | 2028-03-31 | 304,178.19 | 1,480.60 | 10,000.00 | 295,658.79 | 286,971.10 | 8,696.09 |
| 28 | 2028-04-30 | 295,658.79 | 1,439.13 | 10,000.00 | 287,097.93 | 278,275.00 | 8,696.09 |
| 29 | 2028-05-31 | 287,097.93 | 1,397.46 | 10,000.00 | 278,495.39 | 269,578.91 | 8,696.09 |
| 30 | 2028-06-30 | 278,495.39 | 1,355.59 | 10,000.00 | 269,850.98 | 260,882.82 | 8,696.09 |
| 31 | 2028-07-31 | 269,850.98 | 1,313.51 | 10,000.00 | 261,164.50 | 252,186.72 | 8,696.09 |
| 32 | 2028-08-31 | 261,164.50 | 1,271.23 | 10,000.00 | 252,435.73 | 243,490.63 | 8,696.09 |
| 33 | 2028-09-30 | 252,435.73 | 1,228.74 | 10,000.00 | 243,664.47 | 234,794.54 | 8,696.09 |
| 34 | 2028-10-31 | 243,664.47 | 1,186.05 | 10,000.00 | 234,850.52 | 226,098.44 | 8,696.09 |
| 35 | 2028-11-30 | 234,850.52 | 1,143.15 | 10,000.00 | 225,993.67 | 217,402.35 | 8,696.09 |
| 36 | 2028-12-31 | 225,993.67 | 1,100.04 | 10,000.00 | 217,093.70 | 208,706.25 | 8,696.09 |
| 37 | 2029-01-31 | 217,093.70 | 1,056.71 | 10,000.00 | 208,150.42 | 200,010.16 | 8,696.09 |
| 38 | 2029-02-28 | 208,150.42 | 1,013.18 | 10,000.00 | 199,163.60 | 191,314.07 | 8,696.09 |
| 39 | 2029-03-31 | 199,163.60 | 969.44 | 10,000.00 | 190,133.04 | 182,617.97 | 8,696.09 |
| 40 | 2029-04-30 | 190,133.04 | 925.48 | 10,000.00 | 181,058.52 | 173,921.88 | 8,696.09 |
| 41 | 2029-05-31 | 181,058.52 | 881.31 | 10,000.00 | 171,939.83 | 165,225.78 | 8,696.09 |
| 42 | 2029-06-30 | 171,939.83 | 836.93 | 10,000.00 | 162,776.76 | 156,529.69 | 8,696.09 |
| 43 | 2029-07-31 | 162,776.76 | 792.32 | 10,000.00 | 153,569.08 | 147,833.60 | 8,696.09 |
| 44 | 2029-08-31 | 153,569.08 | 747.51 | 10,000.00 | 144,316.59 | 139,137.50 | 8,696.09 |
| 45 | 2029-09-30 | 144,316.59 | 702.47 | 10,000.00 | 135,019.06 | 130,441.41 | 8,696.09 |
| 46 | 2029-10-31 | 135,019.06 | 657.21 | 10,000.00 | 125,676.27 | 121,745.31 | 8,696.09 |
| 47 | 2029-11-30 | 125,676.27 | 611.74 | 10,000.00 | 116,288.00 | 113,049.22 | 8,696.09 |
| 48 | 2029-12-31 | 116,288.00 | 566.04 | 10,000.00 | 106,854.04 | 104,353.13 | 8,696.09 |
| 49 | 2030-01-31 | 106,854.04 | 520.12 | 10,000.00 | 97,374.16 | 95,657.03 | 8,696.09 |
| 50 | 2030-02-28 | 97,374.16 | 473.97 | 10,000.00 | 87,848.13 | 86,960.94 | 8,696.09 |
| 51 | 2030-03-31 | 87,848.13 | 427.61 | 10,000.00 | 78,275.74 | 78,264.85 | 8,696.09 |
| 52 | 2030-04-30 | 78,275.74 | 381.01 | 10,000.00 | 68,656.75 | 69,568.75 | 8,696.09 |
| 53 | 2030-05-31 | 68,656.75 | 334.19 | 10,000.00 | 58,990.94 | 60,872.66 | 8,696.09 |
| 54 | 2030-06-30 | 58,990.94 | 287.14 | 10,000.00 | 49,278.08 | 52,176.56 | 8,696.09 |
| 55 | 2030-07-31 | 49,278.08 | 239.86 | 10,000.00 | 39,517.94 | 43,480.47 | 8,696.09 |
| 56 | 2030-08-31 | 39,517.94 | 192.36 | 10,000.00 | 29,710.30 | 34,784.38 | 8,696.09 |
| 57 | 2030-09-30 | 29,710.30 | 144.62 | 10,000.00 | 19,854.92 | 26,088.28 | 8,696.09 |
| 58 | 2030-10-31 | 19,854.92 | 96.64 | 10,000.00 | 9,951.56 | 17,392.19 | 8,696.09 |
| 59 | 2030-11-30 | 9,951.56 | 48.44 | 10,000.00 | 0.00 | 8,696.09 | 8,696.09 |
| 60 | 2030-12-31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,696.09 |
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More than one lease, or a modification?
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