IFRS 16

Insights

IFRS 16

The new Leases standard issued

The IASB has published its long awaited Leasing Standard IFRS 16, effective for periods beginning on or after 1 January 2019. This standard will result in many leased assets, previously held off balance sheet, being brought onto companies’ books. This could result in companies having to make challenging judgements and choices which may affect KPI’s. We review some key areas affected by these changes.

IFRS 16 - Leases Standard

How Deloitte can help

Significant preparation is required by companies and the time to take action is now. Our Financial Reporting Advisory team can assist management to succesfully navigate and implement this complex new standard.
Our publication ‘Need to Know’ provides a high level overview of the new accounting standard which will assist companies in gaining an understanding of the standard and its key impacts.

Our point of view documents listed below contain some Industry specific considerations for some of the industries affected by the introduction of IFRS 16:

  • Financial Services 
  • Aviation Industry 
  • Power and Utilities
  • Telecommunications
  • Property Occupiers

Financial Services – implications of the new leasing standard

Aviation – implications of the new leasing standard

Power and Utilities – implications of the new leasing standard

Telecommunications – implications of the new leasing standard

Property occupiers: implications of the new leasing standard

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