6. A durable good purchased by a lessor for the purpose of leasing is part of the lessor's gross fixed capital formation (P.51) and is shown as a tangible fixed asset (AN.III) in the lessor's balance sheet during its entire economic life. Subsequent capital consumption (K.1) in respect of the durable good is recorded in the lessor's accounts.

Rental payments received by a lessor are shown in his production account as output (P.1) of leasing services. If the lessee is a producer, rental payments are part of his intermediate consumption (P.2). When the lessee is a household acting as a final consumer, rental payments are part of his final consumption expenditure (P.3).

7. In NACE rev. 1, operating leasing of real estate is classified in class 70.20 'Letting of own property'. Operating leasing of other durable goods is classified in division 71 ‘Renting of machinery and equipment without operator and of personal and household goods'. Operating leasing does not comprise the renting of machinery or equipment with operating staff, which is classified according to the services provided by the equipment and staff. For example, the hiring out of a lorry with driver is classified in class 60.24 ‘Freight transport by road'. Institutionally, operating leasing corporations are classified in sector S.11 'Non-financial corporations’, but operating lessors may also be found in sector S.14 ‘Households'.

If the lessor is resident while the lessee is non-resident, rental payments are shown as exports of services (P.62). As the leased good remains on the balance sheet of a resident unit (the lessor), the good does not appear in any of the rest of the world accounts. If the lessor is non-resident while the lessee is resident, rental payments are recorded as imports of services (P.72). In this case the good itself is not considered to enter the economic territory (only its services are). Thus the leased good appears neither in the rest of the world accounts nor in any other account.