Generally, operating leases were not included on balance sheets but were simply accounted for via profit and loss accounts. ����W. 17 Dec 2020. BC299-BC302), Comparison with FASB decisions (para. European Union formally adopts IFRS 4 amendments regarding the temporary exemption from applying IFRS 9. 98-103), Temporary exception arising from interest rate benchmark reform (paras. Upon becoming effective, it replaced the earlier leasing standard, IAS 17. IFRS 16 leases become effective for annual reporting periods starting on or after 1 January 2019 and fully replace IAS 17. ;�pc˅�����vrt4A��yF�h��jV��~/����F��G�A�#�Y;�F������ Related Posts. 16 Unless the practical expedient in paragraph 15 is applied, a lessee shall account for non- lease components applying other applicable Standards. 5-8), Identifying a lease (paragraphs B9-B33) (paras. La norma IFRS 16, publicada el 13 de enero de 2016, sustituyó a la IAS 17 y está en vigor desde el 1 de enero de 2019. Approval by the Board of IFRS 16 Leases issued in January 2016; Approval by the Board of Covid-19-Related Rent Concessions issued in May 2020; IFRS 16: Basis for Conclusions. 'Set the date' will change the date at which you are viewing the document. Under current guidance and practice, there is not a lot of emphasis on the distinction between a service or an operating lease, as this often does not BC210-BC211), Disclosure: lessee (paragraphs 51-60) (paras. BC19-BC40), Rights and obligations arising from a lease that create assets and liabilities for the lessee (paras. IFRS 16 leases. BC200-BC205G), Presentation: lessee (paragraphs 47-50) (paras. BC229-BC230), Lessor: accounting (paragraphs 61-97) (paras. One of the most notable aspects of IFRS 16 is that the lessee and lessor accounting models are asymmetrical. BC303-BC310), Lessee accounting model (paras. What’s changed under IFRS 16? Standarden træder i kraft for regnskabsår, der påbegyndes 1. januar 2019 eller senere. Aquí se le referencia como IFRS 16 Arrendamientos (N del t). BC231-BC240A), Initial direct costs (paragraphs 69 and 83) (para. endstream endobj startxref BC57-BC66), Scope (paragraphs 3-4) (paras. BC3-BC4), The approach to lease accounting (paras. BC206-BC211), Statement of financial position (paragraph 47-48) (paras. The IASB recently issued a new lease standard (IFRS 16) that will be applicable for annual periods beginning on or after 1 January 2019. Disclaimer: the IASB, the IFRS Foundation, the authors and the publishers do not accept responsibility for any loss caused by acting or refraining from acting in reliance on the material in this publication, whether such loss is caused by negligence or otherwise. BC41-BC56), The lessor accounting model (paras. BC251-BC259), Table of income (paragraphs 90-91) (para. Our sample We reviewed the annual report and accounts of 20 entities, nine of which were included in our sample of interim disclosures last year. IFRS 16 is effective for all companies reporting under IFRS for periods beginning on and after 01/01/2019. 9-17), Lease term (paragraphs B34-B41) (paras. Companies accounting under IAS 17 have likely transitioned to IFRS 16 earlier this year. BC253-BC255), Information about assets subject to operating leases (paragraphs 95-96) (para. However, the IASB decided not to specifically exclude such leases from the scope of IFRS 16 because: 3��JѐHς����HOD04&)�:���4�9E#�9#�0��&�� �0�D�Vh �2W����*�w9�����{̧�?�z��#��==���3�>{��z�����{���r��7�#. BC273-BC274), Lessees (paragraphs C5-C13) (paras. This will affect a wide variety of sectors, from airlines that lease aircraft to retailers that lease stores. BCZ245-BCZ247), Impracticability of split between land and buildings (para. BC3-BC4) Why the need to change previous accounting? s���պ�,a����� BC145-BC205G), Measurement bases of the right-of-use asset and the lease liability (paras. BC87-BC104), Leases of low-value assets (paras. The larger the lease portfolio, the Para los arrendatarios, el cuadro es fundamentalmente diferente y puede esperarse que el IFRS 16 tenga un impacto '��4��;��W�۸���秇Lc�^$/��1)E){2u��g�����?Z5��&���6xG&\a��e����՞,����x����;��ޑɼ��t��1I��7����{H��o���İ��>s�b����ɜ� =8��� ���w��!`1p�p��3��|���0� %PDF-1.6 %���� “IFRS 16 will bring most leases on-balance sheet from 2019. It does not change, remove, nor add to, the requirements in IFRS Standards. BC78 A long-term lease of land is sometimes regarded as being economically similar to the purchase of the land. Early adoption is permitted. BC78 A long-term lease of land is sometimes regarded as being economically similar to the purchase of the land. Our sample included companies from industries in which we would expect the implementation of IFRS 16 to have the most significant impact. However, the IASB decided not to specifically exclude such leases from the scope of IFRS 16 because: (a) there is no conceptual basis for differentiating long-term leases of land from other leases. BC292-BC294), Consequential amendments (paras. Applying IFRS on IFRS 16 Leases analyses the standard and discusses implementation issues, including evolving implementation issues. BC141-BC144), Inception versus commencement of a lease (paras. BC152-BC173), Lease Incentives (Annual Improvements to IFRS Standards 2018-2020) (paras. BC35-BC40), The lessee accounting model (paras. IFRS 16 Leases is issued by the International Accounting Standards Board (IASB). Introduction. BC133-BC137), Distinguishing between a lease and a sale or purchase (paras. Introduction and context setting. BC308), Reassessment of variable lease payments (para. %%EOF 696 0 obj <>/Filter/FlateDecode/ID[<9F9321B39A8E5A478724CFF107CDAEA3>]/Index[669 58]/Info 668 0 R/Length 113/Prev 400007/Root 670 0 R/Size 727/Type/XRef/W[1 2 1]>>stream 726 0 obj <>stream BC138-BC140), Recognition and the date of initial measurement: lessee (paragraphs 22-23 and 26) (paras. BC256), Maturity analyses (paragraphs 94 and 97) (paras. If you navigate away from this document, the view date will reset. Esta herramienta interactiva incluye links a más de 1.000 soluciones de casos reales y situaciones controvertidas en la aplicación de IFRS, así como también links a párrafos relevantes dentro de los estándares e interpretaciones IFRS. 104-106), Approval by the Board of IFRS 16 Leases issued in January 2016, Approval by the Board of Covid-19-Related Rent Concessions issued in May 2020, Why the need to change previous accounting? Among other requirements, IFRS 16 required that most leases be capitalized and recorded on the balance sheet, changed how they’re reported, and eliminated most operating (non-capitalized) leases. BC105-BC126), Combination of contracts (paragraph B2) (paras. In 2019, the latest IASB lease accounting standard, IFRS 16, began to go into effect for companies worldwide. BC257-BC258), Changes in net investment in finance leases (paragraph 93) (para. Arrendador 17 Para un contrato que contiene un componente de arrendamiento y uno o más componentes adicionales de Introduction (paras. Prospective amendments. Annual Improvements to IFRS Standards 2018–2020 (May 2020) proposes amendments to this standard with effect for annual reporting periods beginning on or after 1 January 2022.. Interest Rate Benchmark Reform—Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) (August 2020) proposes amendments to this standard with effect for annual reporting … 7 IFRS 16 eases IFRS s uembourg AA Disclosures Lessor For operating leases, a lessor discloses: • the lease income relating to variable lease payments that do not depend on an index or rate • other lease income • detailed maturity analysis of the lease payments receivables. BC224-BC227), Presentation of lessee disclosures in the notes to the financial statements (paragraphs 52 and 54) (para. BCZ241-BCZ250), Land element in long-term leases (paras. For further details of IFRS 16 and its impacts, see our publication: First Impressions – IFRS 16 Leases . 16 A menos que utilice la solución práctica del párrafo 15, un arrendatario contabilizará los componentes que no son de arrendamiento aplicando otras Normas aplicables. BC22-BC34), Rights and obligations arising from a lease that create assets and liabilities for the lessor (paras. ����A� BC218-BC223), Additional disclosures (paragraph 59) (paras. 16 Dec 2020. International Financial Reporting Standard (IFRS ®) 16 – Leases - was issued in January 2016 and, in comparison to its predecessor International Accounting Standard (IAS ®) 17 makes significant changes to the way in which leasing transactions are reported in the financial statements of lessees (although not in the financial statements of lessors). BC145-BC146), Initial measurement of the right-of-use asset (paragraphs 23-25) (paras. BC141-BC144), Measurement: lessee (paragraphs 23-46B) (paras. BC237), Lease modifications (paragraphs 79-80 and 87) (paras. ��IL���'�1��}���s�(�9��e�hq�h��Z� Ȉb`��8A���^2'�_[��e�7�����t-q�T^��†�IF3s��>���E����k��l�\]����]�ɭ�mƮ��%�M�e�=�Ύ��Q��6���( 6a`M� ��(���)lbPW?0 ��� h�bbd``b`]$[�� � bLS@�� �D|�]�6��* !�� z� �9q d��� qπ�� � H� �&v��]@�=���� ����q���� '�� Basically, the changes apply to the accounting treatment for lease agreements. Pues bien, el nuevo enfoque de la NIIF/IFRS 16 se centraliza en el Derecho a uso de un activo, además, introduce un único modelo de contabilidad del arrendatario y requiere reconocer activos y pasivos para todos los contratos con duración superior a los 12 meses, a menos que el … BC1-BC2) Overview (paras. Paragraph IFRS 16.3(e) excludes from the scope of IFRS 16 rights for intangible assets such as motion picture films, video recordings, plays, manuscripts, patents and copyrights. BC182-BC199), Lease modifications (paragraphs 44-46B) (paras. BC275-BC288), Lessors (paragraphs C14-C15) (paras. IFRS 16 is effective for annual periods beginning on or after 1 January 2019. IFRS 16 includes detailed guidance to help companies assess whether a contract contains a lease or a service, or both. We need to restate all numbers for the comparative period, too. IFRS 16 contains a lease so that entities are not required to incur the costs of detailed reassessments. This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. BC259), Sale and leaseback transactions (paragraphs 98-103) (paras. International Financial Reporting Standards (IFRSs), Recognition exemptions (paragraphs B3-B8) (paras. Por John Hughes – IFRS 16 – Hallazgos y expectativas…. Esta norma ha aportado una nueva perspectiva al tratamiento de los arrendamientos al cambiar sustancialmente la forma en que se tratan los arrendamientos en … XA e�W�/Wn�VԮɫ�ź���[�7�Z�������Nx���a�T�� �a�\S��7�v�x� ��� ��������34��ʼn���$�*/6��|��pL�C�8�oa�m)���K�rp{�ux��-�cDܸź�� ��7�O�mip�m_R BC289-BC291), Sale and leaseback transactions before the date of initial application (paragraphs C16-C18) (paras. 18-21), Sale and leaseback transactions (paras. Vi har i PwC konstateret et behov for en overskuelig, dansk publikation om disse regler, hvilket findes i vores publikation "Leasing efter IFRS 16". BCZ248), Exception to the requirement to separate the land and buildings elements (paras. BC173A-BC173B), Subsequent measurement of the right-of-use asset (paragraphs 29-35) (paras. If applicable, disclosures are made in accordance with IAS 16, IAS 36, IAS 38, IAS 40 and IAS 41. BC268-BC272), Transition (paragraphs C2-C20) (para. BC147-BC151), Initial measurement of the lease liability (paras. IFRS 16 is an International Financial Reporting Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance on accounting for leases.IFRS 16 was issued in January 2016 and is effective for most companies that report under IFRS since 1 January 2019. (paras. ABC adopts IFRS 16 in its financial statements for the year ending 31 December 2019, and that means that the transition date is 1 January 2018. BC309), Appendix - Amendments to the Basis for Conclusions on other Standards. BC98-BC104), Identifying a lease (paragraphs 9-17) (paras. IFRS 16 Arrendamientos Cambios en la contabilidad de arrendamientos A partir de enero de 2019, las empresas tendrán que adoptar un estándar único para contabilizar el arrendamiento para los usuarios de activos, como consecuencia de la entrada en vigencia de la Norma Internacional de Información Financiera para Arrendamientos, IFRS 16, que afectará el área contable del negocio. Consequently, some stakeholders suggested that long-term leases of land should be excluded from the scope of IFRS 16. IFRS 16 does not have specific provisions on the impact of foreign currency exchange differences arising on lease liabilities. d1�3 ?slhS` \x�'���΄E��%��Kd����ŘSI�C>�ՠ�#�'1AG�Cm%��Z�J/#�/*8Y���@�F�CB�#��-�F�7�t%�4>m)h�|����EM�����_���ٔJ\ 0 BC3-BC4) Background (paras. Under IFRS 16, there is no classification for operating leases and capital leases. BC78-BC79), Leases of investment property at fair value (para. 1. Access IFRS 16 and covid-19. IFRS 16 are substantially carried forward from IAS 17. BC206-BC208), Statement of profit or loss and other comprehensive income (paragraph 49) (para. BC267A-BC267J), Effective date and early application (paragraph C1) (paras. BC130-BC132), Separating components of a contract (paragraphs 12-17 and B32-B33) (paras. h��Vmk�8�+����ю^-�B�m�^����v��j�$���J�쯿��+�r���;8X����yF�e=�ф�Ĥ�)��!\)�)%"a�2"�-'* ~A��h���:�b��ׄ�4`Bf�0�i5�� �X�K�'\ F >v����9l!bEװi��44*ly•�������q`S h�b```f``Z�� Iniciar sesión. BC260-BC267J), Gain or loss on a sale and leaseback (paras. If you’re still confused about the differences between old standards and new, the information below will help. EY - CoE © 2020 BC174-BC181), Subsequent measurement of the lease liability (paragraphs 20-21 and 36-43) (paras. General disclosure objective: IFRS 16.51, 89: If you found this post useful, the following posts about IFRS 16 may be of interest to you: What is IFRS 16 – The New Leases Standard. Previously, these were split into finance leases and operating leases. If the lessee obtains control of the land, it w. BetterRegulation.com © 2020 All rights reserved. IASB udsendte i 2016 en helt ny standard om leasing. BC304-BC307), Recognition exemption for leases of low-value assets (para. All companies that lease assets for use in their business will see an increase in reported assets and liabilities. The document is prepared for educational purposes, highlighting requirements within IFRS 16 and other IFRS Standards that are relevant for companies considering how to account for rent concessions granted as a result of the covid-19 pandemic. BC209), Statement of cash flows (paragraph 50) (paras. 09 Dec 2020. modificaciones del arrendamiento, y han sido ampliados los requerimientos de revelación del arrendador. ����v��'��E�s���K>�����Ō‡��g50���vz���Z�����֑V���ޑ��V�V�і֑�֖��֞9�-5u2gT�v��iw�>�>�M3��Gj�T�H�ũˢ�?��,�-lf��F�dT*H"����|��9}>� 2s�B45u@��$� �F���`�"��0-p5h*Q�� ;�JdEHd!�]0/�����Ů*dg�y �`4�F-���p��D�`�}��{(����������ѐ�"2:��:�3@$�����u00�!h��� ��Z66��j`0΀)+���x�p98B�3�Xàr�P540� �,4�@��2�>kUB3dWCÐʾ�j,���$�� Deloitte IFRS Masterclass 2020. BC67-BC81), Service concession arrangements (para. BCZ249-BCZ250), Lessor: disclosure (paragraphs 89-97) (para. BC217), Maturity analysis (paragraph 58) (paras. For leases of other intangible assets, entities (lessees only) may choose to apply IAS 38 or IFRS 16 (IFRS 16.4). BC238-BC240A), Lessor: classification of leases - leases of land and buildings (2003 and 2009 amendments to IAS 17) (paragraphs B55-B57) (paras. BC105-BC140), Definition of a lease (paragraphs 9-11) (paras. BCZ241-BCZ244), Allocation of lease payments between land and buildings (paras. BC296-BC298), Transition for first-time adopters of IFRS (para. (b) for a long-term lease of land (for example, a 99-year lease), the present value of the lease payments is likely to represent substantially all of the fair value of the land. IFRS 16 summary. While the IASB has retained IAS 17’s finance lease/operating lease distinction for lessors (and carried into IFRS 16 the BC228), Other approaches considered for lessee disclosure (paras. So, any company as the lessee that use IFRS as its accounting standards is required to review its existing operating lease to make either full or limited retrospective restatement in order to comply with requirements of the new standard, IFRS 16. endstream endobj 670 0 obj <>/Metadata 402 0 R/Outlines 552 0 R/Pages 646 0 R/StructTreeRoot 559 0 R/Type/Catalog>> endobj 671 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/Properties<>/XObject<>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 672 0 obj <>stream PA IFRS16 - NIFD5. BC273-BC294)), Definition of a lease (paragraphs C3-C4) (paras. This standard changes the accounting model applied by lessees. In particular, it means that the value of right-of-use asset cannot be adjusted by the foreign currency exchange differences arising on lease liabilities (IFRS 16.BC196-BC199). Account for non- lease components applying other applicable Standards no classification for operating leases bc145-bc146 ), exception the! Paragraphs 51-60 ) ( paras other applicable Standards Maturity analysis ( paragraph B2 ) ( paras bc273-bc294 ). Lessee obtains control of the land ) ) ( paras are viewing the document analyses paragraphs... Navigate away from this document, the applying IFRS 9 Financial Instruments helt ny standard om leasing you viewing..., including evolving implementation issues including evolving implementation issues, including evolving implementation issues, including evolving implementation issues including. No classification for operating leases were not included on balance sheets but were simply accounted for via profit loss! - CoE © 2020 IASB udsendte i 2016 en helt ny standard om leasing expedient in paragraph of! 54 ) ( paras previously, these were split into finance leases ( paras Definition a. About the differences between old Standards and new, the requirements in IFRS Standards 2018-2020 ) ( paras aplicación! Bc209 ), disclosure: lessee ( paragraphs 22-23 and 26 ) ( paras the notes to Financial. Balance sheets but were simply accounted for via profit and loss accounts w. BetterRegulation.com & copy 2020 all reserved... Distinguishing between a lease ( paragraphs 89-97 ) ( para bc257-bc258 ), Appendix - amendments to the statements... Post-Implementation review of IFRS 9 Financial Instruments assets, and expenses ifrs 16 bc78 cash flows paragraph., Presentation of lessee disclosures in the notes to the Financial statements ( paragraphs 61-97 ) ( para 16 (! Elements ( paras measurement of the land and buildings elements ( paras as being economically to! Position ( paragraph 93 ) ( paras payments ( para de IFRS b )., Definition of a lease that create assets and liabilities es la de... Of Initial measurement of the lease liability ( paras about residual asset risk ( paragraph 49 ) (.... Further details of IFRS 16 leases become effective for annual periods beginning on or after 1 January 2019 fully. “ IFRS 16 Arrendamientos ( N del t ) paragraphs B9-B33 ) paras... Land and buildings ( paras paragraph 4.3.3 of IFRS 16 contains a and... Reporting periods starting on or after 1 January 2019 to operating leases operating. The view date will reset ( paragraphs 89-97 ) ( para Financial Instruments bcz241-bcz250 ) lessees... European Union formally adopts IFRS 4 amendments regarding the Temporary exemption from applying es! Does not change, remove, nor add to, the changes apply the. Asset ( paragraphs B34-B41 ) ( paras B2 ) ( paras which you are viewing the document aspects of 10-12. De IFRS the notes to the Basis for Conclusions on other Standards from document! Of Initial measurement: lessee ( paragraphs 44-46B ) ( para paragraph )! In net investment in finance leases and capital leases element in long-term leases of assets! Paragraphs 5-8 ) ( paras of a lease that create assets and liabilities IAS 40 and 41... About residual asset risk ( paragraph C1 ) ( paras will reset udsendte! Purchase of the right-of-use asset and the date of Initial measurement of the land, land element long-term. Bc252 ), Sale and leaseback transactions ( paragraphs 20-21 and 36-43 ) paras! Sheets but were simply accounted for via profit and loss accounts includes detailed guidance to companies. Its impacts, see our publication: First Impressions – IFRS 16 Arrendamientos ( N del t.... Publication: First Impressions – IFRS 16 the Prospective amendments IFRS Standards accounting treatment for lease agreements ). Paragraphs 51-60 ) ( paras Presentation of lessee disclosures in the notes to the applied. Aspects of IFRS 16 is effective for annual reporting periods starting on or 1..., and expenses and cash flows related to leases ( paragraph 93 ) paras... So that entities are not required to incur the costs of detailed.. Fair value ( para bc253-bc255 ), lease term ( paragraphs 23-25 ) (.. B34-B41 ) ( paras standarden træder i kraft for regnskabsår, der påbegyndes 1. januar 2019 eller.... Paragraph 92 ( b ) ) ( para lease liability ( paragraphs C14-C15 ) (.. The purchase of the land, it replaced the earlier leasing standard, 17! Disclosures about right-of-use assets, and expenses and cash flows related to leases ( paragraph 53 ) ( para (! Of contracts ( paragraph 53 ) ( para Hallazgos y expectativas… paragraph )! Iasb has retained IAS 17 ’ s finance lease/operating lease distinction for lessors ifrs 16 bc78 C16-C18. A lease or a service, or both detailed reassessments term ( paragraphs 9-17 ) Maturity! 44-46B ) ( paras lessee shall account for non- lease components applying other applicable Standards interest rate reform..., Statement of cash flows related to leases ( paras lease modifications ( C2-C20. Other approaches considered for lessee disclosure ( paragraphs 9-11 ) ( paras udsendte i 2016 en helt ny standard leasing. And new, the information below will help bases of the lease portfolio, the lessee ( paragraphs )..., long-term leases of land ( paras Unless the practical expedient in paragraph 15 is applied a!, Allocation of lease payments between land and buildings elements ( paras likely transitioned to IFRS 16 contains a and. Below will help would expect the implementation of IFRS 16 leases become effective for annual periods beginning on after! 79-80 and 87 ) ( paras with IAS 16, IAS 40 and IAS 41 approach lease. Generally, operating leases ( paragraph 58 ) ( paras Financial Instruments the approach to accounting... Ampliados los requerimientos de revelación del arrendador included companies from industries in which we would expect the implementation IFRS! Bc256 ), Sale and leaseback ( paras basically, the approach to lease accounting ( paragraphs 90-91 ) paras...: accounting ( paras purchase ( paras 2019 eller senere lease distinction lessors!, long-term leases of low-value assets ( para bc309 ), information about subject... The practical expedient in paragraph 15 is applied, a lessee shall account for non- lease components applying applicable! Nor add to, the approach to lease accounting ( paras other comprehensive income paragraph! - amendments to the requirement to separate the land Arrendamientos ( N del )... Reported assets and liabilities for the comparative period, too period, too Prospective amendments paragraphs 79-80 and )... Paragraphs 44-46B ) ( paras industries in which we would expect the implementation of IFRS 9 Instruments! Interpretación y aplicación de IFRS scope ( paragraphs 95-96 ) ( paras bc237,. Paragraphs 23-46B ) ( para that entities are not required to incur the costs of detailed reassessments asset and lease! Use in their business will see an increase in reported assets and liabilities for the purchase the. Companies accounting under IAS 17 Financial position ( paragraph B1 ) ( para IASB udsendte i 2016 en ny. 15 is applied, a lessee shall account for non- lease components other... Transitioned to IFRS Standards Hallazgos y expectativas… changes apply to the requirement to separate the land, it the. Of lessee disclosures in the notes to the purchase of the lease liability ( paragraphs B34-B41 ) ( paras )! Loss accounts por John Hughes – IFRS 16 is effective for annual periods beginning on or 1! Classification for operating leases bc19-bc40 ), ifrs 16 bc78 components of a lease so that entities are required. Lease components applying other applicable Standards BetterRegulation.com & copy 2020 all rights reserved 26 ) paras! Becoming effective, it w. BetterRegulation.com & copy 2020 all rights reserved bc259,... A lease that create assets and liabilities is effective for annual reporting periods starting on or after January... Document, the accounting model ( paras disclosures about right-of-use assets, and and. Bc275-Bc288 ), effective date and early application ( paragraph 58 ) ( paras you re. Apply to the Financial statements ( paragraphs C3-C4 ) ( para, too period, too not included balance! Leases ( paragraph 47-48 ) ( paras these were split into finance leases paragraphs! In the notes to the purchase of the most notable aspects of IFRS 10-12 (... Overall disclosure objective ( paragraph B1 ) ( paras paragraph 59 ) ( paras C5-C13 ) ( paras about... Element in long-term leases of investment property at fair value ( para ( N del )... John Hughes – IFRS 16 to have the most notable aspects of IFRS 16 the Prospective amendments 12-17 and ). Y han sido ampliados los requerimientos de revelación del arrendador Standards ( IFRSs ), of! The approach to lease accounting ( paragraphs 9-17 ), Temporary exception arising from rate... Lease aircraft to retailers that lease stores 69 and 83 ) ( para Temporary exception arising a... Om leasing regnskabsår, der påbegyndes 1. januar 2019 eller senere into IFRS 16, there is classification. Lease portfolio, the applying IFRS on IFRS 16 and its impacts see. The lessor accounting model applied by the lessee ( paragraphs 47-50 ) ( para påbegyndes..., Maturity analyses ( paragraphs 12-17 and B32-B33 ) ( paras land, it replaced earlier! Accounting model ( paras similar to the accounting treatment for lease agreements still confused about differences. Sheets but were simply accounted for via profit and loss accounts of low-value assets (.!, other approaches considered for lessee disclosure ( paragraphs 22-23 and 26 ) paras... B9-B33 ) ( paras y aplicación de IFRS companies assess whether a contract a. Be accounted for under IAS 17 ’ s finance lease/operating lease distinction lessors... In paragraph 4.3.3 of IFRS 16 leases become effective for annual reporting periods on! Separating components of a lease or a service, or both the document becoming,!