CNAE 64.91—Financial leasing

Where 64.91 sits

1. L Financial and Insurance Activities
2. 64 Financial services, except insurance and pension funds
3. 64.9 Other financial services, except insurance and pension funds
4. 64.91 Financial leasing

What 64.91 includes

• This class includes the activities of financial leasing, a contract under which the lessor as legal owner of an asset conveys the risks and benefits of ownership of the asset to the lessee. Under a financial lease, the lessor is deemed to make, to the lessee, a loan with which the lessee acquires all the economic benefits and risks of the lease. Thereafter, the leased asset is shown on the balance sheet of the lessee and not the lessor; the corresponding loan is shown as an asset of the lessor and a liability of the lessee.
• Financial leasing of durable goods (e.g. vehicles)

What 64.91 excludes

• Operating leasing, according to type of goods leased (see division 77)

64.91 in other systems