Sales-type lease

Sales-type lease

The leasing out of a firm's own equipment, such as a printing company leasing its own presses, thereby competing with an independent leasing company.

Sales-Type Lease

A lease whereby a company rents its own assets that it needs to run its business. For example, an automobile factory may lease its machinery to another factory.
References in periodicals archive ?
As expected, increases in both sales-type lease arrangements and other revenue were slightly offset by a decrease in subscription revenue due to lower average site count and lower average revenue per site.
Unrelated to the internal review, the revised financial statements also corrected for an accounting error, primarily for understated interest income, related to a sales-type lease transaction within the Electronic Systems segment and previously identified immaterial errors already recognized in the financial statements but not recorded in the appropriate periods.
For a sales-type lease, the selling price is more than the cost of the asset and a sale is recognized by the lessor at the inception of the lease.
6 million in the third quarter of 2014, primarily reflecting the installation of 12 full theatre systems under sales and sales-type lease arrangements in the most recent third quarter, compared to the 6 sales-type theatres the Company installed in the prior-year period.
Unrelated to the internal review, the financial statement revisions also corrected the accounting for a sales-type lease transaction in the Electronic Systems segment that began in 2004 and ends in 2023 for flight simulators, which increased pre-tax income by USD28 million, primarily for interest income, for periods prior to 2014.
The revision to the presentation provides for the Company to a) recognize cash flows related to the gain on sale of leased property and sales-type lease income as investing activities rather than operating activities, b) recognize cash flows related to property acquired for transactions in process as investing activities rather than as operating cash flows, and c) separately present cash outflows and inflows related to lease investments.
5 million in the second quarter of 2014, primarily reflecting the installation of 15 full theatre systems (14 new, 1 used) under sales and sales-type lease arrangements in the most recent second quarter, compared to the 11 sales-type theatres the Company installed in the prior-year period.
5 million in the first quarter of 2014, primarily reflecting the installation of 5 full, new theatre systems under sales and sales-type lease arrangements in the most recent first quarter, compared to the 3 sales-type theatres the Company installed in the first quarter of 2014.
4 million in the third quarter of 2013, resulting from the installation of 6 full, new theater systems under sales and sales-type lease arrangements compared to the 5 installed in the year-ago period.
During the quarter, we sold a 15 MW coke oven gas power generation station through a sales-type lease to Qitaihe City Boli Yida Coal Selection Co.
1 million in the second quarter of 2013, in connection with the installation of 11 full, new theater systems under sales and sales-type lease arrangements in the most recent second quarter, compared to the 11 sales and sales-type theaters the Company installed in the second quarter of 2013.
This vote of confidence from YA Global comes on the back of new sales-type lease agreement we signed at the end of the 2014 second quarter with Qitaihe City Boli Yida Coal Selection Co.
Full browser ?