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IFRS 16 – The New Lease Accounting Standard

IFRS 16 – The New Lease Accounting Standard

IFRS 16 Leases was published by the International Accounting Standards Board (IASB) on 13th January 2016 and will entail far-reaching changes for lessees. Accordingly, they must capitalize all assets from leases in their balance sheet and recognize the corresponding payment obligation as a liability in the future. This means that not only the picture of the balance sheet will change accordingly, but also the key figures of many enterprises – particularly those that have large numbers of leased assets.

The following white paper, written by Bianca Ihlenfeldt, In-house Consultant at LucaNet AG, gives you an overview of the essential modifications and effects resulting from the new leases standard for lessees.

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