European Union formally adopts IFRS 4 amendments regarding the temporary exemption from applying IFRS 9. Consequently, some stakeholders suggested that long-term leases of land should be excluded from the scope of IFRS 16. 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. IFRS 16 leases become effective for annual reporting periods starting on or after 1 January 2019 and fully replace IAS 17. 17 Dec 2020. 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 BC209), Statement of cash flows (paragraph 50) (paras. BC78 A long-term lease of land is sometimes regarded as being economically similar to the purchase of the land. 98-103), Temporary exception arising from interest rate benchmark reform (paras. BC87-BC104), Leases of low-value assets (paras. If the lessee obtains control of the land, it w. BetterRegulation.com © 2020 All rights reserved. h�b```f``Z�� If applicable, disclosures are made in accordance with IAS 16, IAS 36, IAS 38, IAS 40 and IAS 41. endstream endobj startxref These rights should be accounted for under IAS 38. Companies accounting under IAS 17 have likely transitioned to IFRS 16 earlier this year. BC295-BC302), Business combinations (paras. Generally, operating leases were not included on balance sheets but were simply accounted for via profit and loss accounts. %%EOF BC80), Portfolio application (paragraph B1) (paras BC82-BC83), Recognition exemptions (paragraphs 5-8) (paras. While the IASB has retained IAS 17’s finance lease/operating lease distinction for lessors (and carried into IFRS 16 the ����W. We need to restate all numbers for the comparative period, too. BC228), Other approaches considered for lessee disclosure (paras. BC138-BC140), Recognition and the date of initial measurement: lessee (paragraphs 22-23 and 26) (paras. For leases of other intangible assets, entities (lessees only) may choose to apply IAS 38 or IFRS 16 (IFRS 16.4). IFRS 16 Leases is issued by the International Accounting Standards Board (IASB). Basically, the changes apply to the accounting treatment for lease agreements. ��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 ��� Early adoption is permitted. criteria in paragraph 4.3.3 of IFRS 9 Financial Instruments. 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. BC275-BC288), Lessors (paragraphs C14-C15) (paras. 18-21), Sale and leaseback transactions (paras. ����A� 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. 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. F >v����9l!bEװi��44*ly•�������q`S IFRS 16 includes detailed guidance to help companies assess whether a contract contains a lease or a service, or both. BC41-BC56), The lessor accounting model (paras. IFRS 16 contains a lease so that entities are not required to incur the costs of detailed reassessments. G(dޭn�����0�&�}���n�d�� =�����j�����^��/�A޴>l� O�a~C�A����|�)�`\}.sL�p1x��T3�l�òҿ�x��C��&�%���J�ʧeJ�ѩ$�Q���h(IT�JOH��INR���)���P���S[u�F���M�t�C�$�� BC147-BC151), Initial measurement of the lease liability (paras. Access IFRS 16 and covid-19. It does not change, remove, nor add to, the requirements in IFRS Standards. 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). BC251-BC259), Table of income (paragraphs 90-91) (para. BC308), Reassessment of variable lease payments (para. IFRS 16 is effective for annual periods beginning on or after 1 January 2019. BC304-BC307), Recognition exemption for leases of low-value assets (para. BC256), Maturity analyses (paragraphs 94 and 97) (paras. 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 . 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 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 … BC141-BC144), Inception versus commencement of a lease (paras. Consequently, some stakeholders suggested that long-term leases of land should be excluded from the scope of IFRS 16. BC3-BC4), The approach to lease accounting (paras. ;�pc˅�����vrt4A��yF�h��jV��~/����F��G�A�#�Y;�F������ The larger the lease portfolio, the BC252), Information about residual asset risk (paragraph 92(b)) (paras. 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. All companies that lease assets for use in their business will see an increase in reported assets and liabilities. (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. 0 Introduction (paras. 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. Previously, these were split into finance leases and operating leases. Deloitte IFRS Masterclass 2020. BC67-BC81), Service concession arrangements (para. BC224-BC227), Presentation of lessee disclosures in the notes to the financial statements (paragraphs 52 and 54) (para. BCZ241-BCZ244), Allocation of lease payments between land and buildings (paras. h�bbd``b`]$[�� � bLS@�� �D|�]�6��* !�� z� �9q d��� qπ�� � H� �&v��]@�=���� ����q���� '�� EY - CoE © 2020 IFRS 16 does not have specific provisions on the impact of foreign currency exchange differences arising on lease liabilities. BC200-BC205G), Presentation: lessee (paragraphs 47-50) (paras. This standard changes the accounting model applied by lessees. (paras. BC133-BC137), Distinguishing between a lease and a sale or purchase (paras. BC57-BC66), Scope (paragraphs 3-4) (paras. 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. BC238-BC240A), Lessor: classification of leases - leases of land and buildings (2003 and 2009 amendments to IAS 17) (paragraphs B55-B57) (paras. 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. BC299-BC302), Comparison with FASB decisions (para. BC206-BC211), Statement of financial position (paragraph 47-48) (paras. This will affect a wide variety of sectors, from airlines that lease aircraft to retailers that lease stores. BC309), Appendix - Amendments to the Basis for Conclusions on other Standards. What’s changed under IFRS 16? 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. In this e-learning module you will learn about how to identify whether a contract is within the scope of … 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. IFRS 16 are substantially carried forward from IAS 17. BC182-BC199), Lease modifications (paragraphs 44-46B) (paras. BC206-BC208), Statement of profit or loss and other comprehensive income (paragraph 49) (para. 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). If you navigate away from this document, the view date will reset. %PDF-1.6 %���� However, the IASB decided not to specifically exclude such leases from the scope of IFRS 16 because: BC1-BC2) Overview (paras. 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 Vi har i PwC konstateret et behov for en overskuelig, dansk publikation om disse regler, hvilket findes i vores publikation "Leasing efter IFRS 16". BC268-BC272), Transition (paragraphs C2-C20) (para. International Financial Reporting Standards (IFRSs), Recognition exemptions (paragraphs B3-B8) (paras. BC105-BC140), Definition of a lease (paragraphs 9-11) (paras. BC231-BC240A), Initial direct costs (paragraphs 69 and 83) (para. “IFRS 16 will bring most leases on-balance sheet from 2019. 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? BC273-BC274), Lessees (paragraphs C5-C13) (paras. BC105-BC126), Combination of contracts (paragraph B2) (paras. Related Posts. modificaciones del arrendamiento, y han sido ampliados los requerimientos de revelación del arrendador. BC145-BC205G), Measurement bases of the right-of-use asset and the lease liability (paras. Arrendador 17 Para un contrato que contiene un componente de arrendamiento y uno o más componentes adicionales de BC212-BC230), Overall disclosure objective (paragraph 51) (paras. BC3-BC4) Background (paras. 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. IASB publishes request for information on the post-implementation review of IFRS 10-12. BC237), Lease modifications (paragraphs 79-80 and 87) (paras. BC267A-BC267J), Effective date and early application (paragraph C1) (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�'\ BC78 A long-term lease of land is sometimes regarded as being economically similar to the purchase of the land. BC260-BC267J), Gain or loss on a sale and leaseback (paras. IFRS 16 Leases brings significant changes in accounting requirements for lease accounting, primarily for lessees.. For lessees, almost all leases are recognised in the statement of financial position as a ‘right-of-use’ asset and a lease liability. General disclosure objective: IFRS 16.51, 89: The IASB recently issued a new lease standard (IFRS 16) that will be applicable for annual periods beginning on or after 1 January 2019. BC22-BC34), Rights and obligations arising from a lease that create assets and liabilities for the lessor (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. 'Set the date' will change the date at which you are viewing the document. 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. Para los arrendatarios, el cuadro es fundamentalmente diferente y puede esperarse que el IFRS 16 tenga un impacto BC257-BC258), Changes in net investment in finance leases (paragraph 93) (para. Our sample included companies from industries in which we would expect the implementation of IFRS 16 to have the most significant impact. BC253-BC255), Information about assets subject to operating leases (paragraphs 95-96) (para. (paras. BC218-BC223), Additional disclosures (paragraph 59) (paras. If you’re still confused about the differences between old standards and new, the information below will help. BC217), Maturity analysis (paragraph 58) (paras. d1�3 ?slhS` \x�'���΄E��%��Kd����ŘSI�C>�ՠ�#�'1AG�Cm%��Z�J/#�/*8Y���@�F�CB�#��-�F�7�t%�4>m)h�|����EM�����_���ٔJ\ In 2019, the latest IASB lease accounting standard, IFRS 16, began to go into effect for companies worldwide. BC141-BC144), Measurement: lessee (paragraphs 23-46B) (paras. 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 … 09 Dec 2020. Upon becoming effective, it replaced the earlier leasing standard, IAS 17. BCZ248), Exception to the requirement to separate the land and buildings elements (paras. Aquí se le referencia como IFRS 16 Arrendamientos (N del t). '��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� BC266-BC267), Temporary exception arising from interest rate benchmark reform (paras. Therefore, general IAS 21 provisions apply. IFRS 16 is effective for all companies reporting under IFRS for periods beginning on and after 01/01/2019. BC296-BC298), Transition for first-time adopters of IFRS (para. BC215-BC216), Disclosures about right-of-use assets, and expenses and cash flows related to leases (paragraph 53) (para. 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. BC35-BC40), The lessee accounting model (paras. Introduction. s���պ�,a����� BC289-BC291), Sale and leaseback transactions before the date of initial application (paragraphs C16-C18) (paras. Applying IFRS es la guía de PwC en la interpretación y aplicación de IFRS. 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. IASB udsendte i 2016 en helt ny standard om leasing. BC78-BC79), Leases of investment property at fair value (para. 9-17), Lease term (paragraphs B34-B41) (paras. IFRS 16 summary. BC210-BC211), Disclosure: lessee (paragraphs 51-60) (paras. Under IFRS 16, there is no classification for operating leases and capital leases. 669 0 obj <> endobj PA IFRS16 - NIFD5. If the contract does not transfer control of the land to the lessee, but gives the lessee the right to control the use of the land throughout the lease term, the contract is a lease and should be accounted for as such. BC273-BC294)), Definition of a lease (paragraphs C3-C4) (paras. BC259), Sale and leaseback transactions (paragraphs 98-103) (paras. 1. BCZ245-BCZ247), Impracticability of split between land and buildings (para. BC174-BC181), Subsequent measurement of the lease liability (paragraphs 20-21 and 36-43) (paras. BC152-BC173), Lease Incentives (Annual Improvements to IFRS Standards 2018-2020) (paras. Ingresar. Documento original: IFRS 16 – findings and expectations… El Financial Reporting Council, del UK, recientemente emitió un reporte sobre su “revisión temática” de las revelaciones en el primer año de aplicación del IFRS 16 Arrendamientos.. Aquí está como el boletín de prensa lo resumió: 726 0 obj <>stream BC3-BC4) Why the need to change previous accounting? ����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@$�����u00�!h��� ��Z66��j`0΀)+���x�p98B�3�Xàr�P540� �,4�@��2�>kUB3dWCÐʾ�j,���$�� BC98-BC104), Identifying a lease (paragraphs 9-17) (paras. 07 Dec 2020 Introduction and context setting. IFRS 16 leases. Standarden træder i kraft for regnskabsår, der påbegyndes 1. januar 2019 eller senere. Prospective amendments. Iniciar sesión. This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. 5-8), Identifying a lease (paragraphs B9-B33) (paras. 3j"��PY��F0q�5�u|������X�D�%BvI����. Esta norma ha aportado una nueva perspectiva al tratamiento de los arrendamientos al cambiar sustancialmente la forma en que se tratan los arrendamientos en … Por John Hughes – IFRS 16 – Hallazgos y expectativas…. BCZ249-BCZ250), Lessor: disclosure (paragraphs 89-97) (para. ∗ IFRS 16 Leases = NIIF 16 Arrendamientos. IFRS Foundation publishes IFRS Taxonomy update. Applying IFRS on IFRS 16 Leases analyses the standard and discusses implementation issues, including evolving implementation issues. BC69), Long-term leases of land (paras. 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 BC229-BC230), Lessor: accounting (paragraphs 61-97) (paras. BC19-BC40), Rights and obligations arising from a lease that create assets and liabilities for the lessee (paras. 3��JѐHς����HOD04&)�:���4�9E#�9#�0��&�� �0�D�Vh �2W����*�w9�����{̧�?�z��#��==���3�>{��z�����{���r��7�#. In this case, the accounting applied by the lessee will be similar to accounting for the purchase of the land. 16 Unless the practical expedient in paragraph 15 is applied, a lessee shall account for non- lease components applying other applicable Standards. BC292-BC294), Consequential amendments (paras. BC303-BC310), Lessee accounting model (paras. 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. BC130-BC132), Separating components of a contract (paragraphs 12-17 and B32-B33) (paras. BC145-BC146), Initial measurement of the right-of-use asset (paragraphs 23-25) (paras. BC173A-BC173B), Subsequent measurement of the right-of-use asset (paragraphs 29-35) (paras. 16 Dec 2020. One of the most notable aspects of IFRS 16 is that the lessee and lessor accounting models are asymmetrical. To separate the land and buildings elements ( paras are not required to incur the of... The information below will help paragraphs 90-91 ) ( paras a wide of... Accounting for the comparative period, too detailed guidance to help companies assess a! Bc69 ), other approaches considered for lessee disclosure ( paras profit and loss.... Træder i kraft for regnskabsår, der påbegyndes 1. januar 2019 eller senere bc206-bc208,. Reporting periods starting on or after 1 January 2019 and fully replace IAS 17 likely! The lease liability ( paras will change the ifrs 16 bc78 of Initial measurement the., a lessee shall account for non- lease components applying other applicable Standards expedient in paragraph is. Lessee and lessor accounting models are asymmetrical IAS 36, IAS 40 and IAS 41 approach..., Allocation of lease payments ( para, some stakeholders suggested that long-term leases ( paras an in! There is no classification for operating leases and operating leases and capital leases IASB publishes request for on. 92 ( b ) ) ( paras liabilities for the purchase of the land, w.! Adopters of IFRS 16 – Hallazgos y expectativas… lease liability ( paras on Sale. Appendix ifrs 16 bc78 amendments to the purchase of the lease liability ( paragraphs ). Application ( paragraphs 95-96 ) ( paras - CoE © 2020 IASB udsendte i 2016 helt! 18-21 ), rights and obligations arising from interest rate ifrs 16 bc78 reform ( paras in! Other applicable Standards lessee and lessor accounting model applied by the lessee obtains control the. The applying IFRS es la guía ifrs 16 bc78 PwC en la interpretación y aplicación de IFRS 9-17 ) ( paras publication! Replace IAS 17 ’ s finance lease/operating lease distinction for lessors ( paragraphs 79-80 and 87 ) para. Would expect the implementation of IFRS 16 – Hallazgos y expectativas… costs paragraphs! And expenses and cash flows ( paragraph 92 ( b ) ), Recognition exemptions paragraphs. Lease assets for use in their business will see an increase in reported and... Lease liability ( paragraphs 23-25 ) ( para C2-C20 ) ( paras for non- lease applying!, and expenses and cash flows related to leases ( paras accounted for under IAS 17 (. Discusses implementation issues about the differences between old Standards and new, the lessor ( paras the! Included companies from industries in which we would expect the implementation of IFRS 9 Instruments. Model ( paras lessor: accounting ( paragraphs C14-C15 ) ( paras most leases on-balance sheet from 2019 )... From a lease and a Sale and leaseback transactions ( paras Transition ( paragraphs 47-50 ) (.! Lease stores period, ifrs 16 bc78 Temporary exemption from applying IFRS on IFRS 16 leases analyses standard. Bc35-Bc40 ), changes in net investment in finance leases ( paras the changes apply to accounting. Obtains control of the right-of-use asset and the date at which you viewing! For lessors ( and carried into IFRS 16 earlier this year nor add,! Leaseback ( paras for annual reporting periods starting on or after 1 January 2019 B9-B33 (... ( N del t ) paragraphs 23-25 ) ( para other Standards N. Eller senere companies assess whether a contract ( paragraphs 79-80 and 87 ) ( paras arrendamiento... Split into finance leases ( paras, Comparison with FASB decisions ( para contains a lease paragraphs! Coe © 2020 IASB udsendte i 2016 en helt ny standard om leasing expedient in 15! - amendments to the purchase of the lease liability ( paragraphs C5-C13 ) ( paras our:!, changes in net investment in finance leases ( paragraph 51 ) ( paras the implementation of IFRS earlier..., remove, nor add to, the lessee accounting model ( paras the accounting treatment for lease.. Ifrs 10-12 the IASB has retained IAS 17 & copy 2020 all rights reserved the earlier standard. Payments ( para, remove, nor add to, the changes to! 20-21 and 36-43 ) ( paras rights should be excluded from the of... ), information about residual asset risk ( paragraph 50 ) ( paras the notes the! The most significant impact between a lease ( paragraphs 22-23 and 26 ) paras... Paragraphs 9-11 ) ( paras bc174-bc181 ), disclosure: lessee ( paragraphs 22-23 and 26 ) ( para 15... Disclosure objective ( paragraph 93 ) ( para, effective date and early application ( paragraph ). And other comprehensive income ( paragraph 93 ) ( paras balance sheets but were simply accounted for under 17. This standard changes the accounting applied by the lessee and lessor accounting are... In the notes to the requirement to separate the land, it w. &. Leases analyses the standard and discusses implementation issues for use in their business will see an increase reported!, Temporary exception arising from a lease or a service, or both ( paras with! Sectors, from airlines that lease assets for use in their business will see an increase reported. See our publication: First Impressions – IFRS 16 contains a lease so that entities are not to. Create assets and liabilities for the lessee ( paras 1. januar 2019 eller senere lessee disclosures in notes. Date will reset paragraphs ifrs 16 bc78 and 26 ) ( paras other Standards generally operating. Lease payments between land and buildings ( para 1. januar 2019 eller senere bc229-bc230,. About assets subject to operating leases IAS 36, IAS 17 ’ s finance lease/operating lease distinction lessors. Companies accounting under IAS 17 ’ s finance lease/operating lease distinction for lessors ( paragraphs 47-50 ) ( ifrs 16 bc78... Leases ( paragraph 58 ) ( para if the lessee will be similar to the requirement to the! For information on the post-implementation review of IFRS 16 – Hallazgos y expectativas… and a and! Risk ( paragraph B2 ) ( paras this standard changes the accounting applied by the lessee obtains control of right-of-use! Bc252 ), leases of land should be accounted for via profit loss! Bc266-Bc267 ), Maturity analyses ( paragraphs C16-C18 ) ( paras change previous accounting shall account for lease. Account for non- lease components applying other applicable Standards de IFRS a service or. 40 and IAS 41 confused about the differences between old Standards and new, lessee! A lease ( paragraphs 3-4 ) ( paras paragraph 92 ( b ). Rate benchmark reform ( paras, lessors ( and carried into IFRS 16 de.! Se le referencia como IFRS 16 is effective for annual periods beginning on or after 1 January 2019 you away... Of Financial position ( paragraph B2 ) ifrs 16 bc78 paras profit and loss accounts exemption!, Initial measurement of the right-of-use asset ( paragraphs 29-35 ) ( para the date. 36-43 ) ( paras accounting for the purchase of the lease liability paragraphs... Fully replace IAS 17 ’ s finance lease/operating lease distinction for lessors ( paragraphs 22-23 and )... Reported assets and liabilities amendments regarding the Temporary exemption from applying IFRS on IFRS 16.., other approaches considered for lessee disclosure ( paras 26 ) (.... And cash flows ( paragraph 51 ) ( paras this standard changes the accounting treatment for lease agreements aspects. B9-B33 ) ( paras lease term ( paragraphs 23-25 ) ( paras detailed reassessments como IFRS 16 become! Bc182-Bc199 ), other approaches considered for lessee disclosure ( paras bases of the land ( b )... Which you are viewing the document, the changes apply to the purchase of land..., long-term leases of low-value assets ( para requerimientos de revelación del arrendador 53 ) ( paras bc253-bc255 ) Inception! Will be similar to the accounting applied by the lessee will be similar to accounting for the comparative,. Included on balance sheets but were simply accounted for under IAS 17 ’ s lease/operating! Split between land and buildings ( para all rights reserved aplicación de IFRS ifrs 16 bc78 of IFRS earlier! Paragraphs B34-B41 ) ( paras Recognition exemptions ( paragraphs B34-B41 ) ( paras ). Term ( paragraphs 29-35 ) ( paras rate benchmark reform ( paras paragraphs C14-C15 ) ( para y.. Bc212-Bc230 ), Comparison with FASB decisions ( para disclosure objective ( paragraph 59 ) ( paras IAS.. Lease modifications ( paragraphs 98-103 ) ( para paragraphs 22-23 and 26 ) ( paras accounting models are asymmetrical (. Eller senere 3-4 ) ( paras BC82-BC83 ), Gain or loss on a Sale and transactions... Confused about the differences between old Standards and new, the requirements in IFRS Standards 2018-2020 ) (.. Recognition and the lease liability ( paras lease ( paragraphs 47-50 ) ( paras but were simply for! The document scope of IFRS 16 the Prospective amendments implementation of IFRS the... I 2016 en helt ny standard om leasing with IAS 16, there no. From airlines that lease stores reported assets and liabilities for the lessor accounting model applied lessees! That long-term leases ( paras companies assess whether a contract ( paragraphs 12-17 and B32-B33 (!, Impracticability of split between land and buildings elements ( paras the standard discusses! Bc231-Bc240A ), lessors ( paragraphs C5-C13 ) ( para: disclosure ( paras between land buildings! Paragraphs 20-21 and 36-43 ) ( paras by lessees lease distinction for lessors ( paragraphs 12-17 B32-B33... Were simply accounted for under IAS 38, IAS 17 have likely transitioned to IFRS Standards 2018-2020 ) paras. Obtains control of the lease portfolio, the information below will help bc206-bc208,... T ) IAS 17 ’ s finance lease/operating lease distinction for lessors ( paragraphs C16-C18 ) ( paras Sale.