∗ IFRS 16 Leases = NIIF 16 Arrendamientos. BCZ241-BCZ250), Land element in long-term leases (paras. PA IFRS16 - NIFD5. 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. This Deloitte e-learning module provides training in the background, scope and principles under IFRS 16 'Leases', and the application of this standard. Our sample included companies from industries in which we would expect the implementation of IFRS 16 to have the most significant impact. Iniciar sesión. 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. General disclosure objective: IFRS 16.51, 89: '��4��;��W�۸���秇Lc�^$/��1)E){2u��g�����?Z5��&���6xG&\a��e����՞,����x����;��ޑɼ��t��1I��7����{H��o���İ��>s�b����ɜ� =8��� ���w��!`1p�p��3��|���0� 0 h�bbd``b`]$[�� � bLS@�� �D|�]�6��* !�� z� �9q d��� qπ�� � H� �&v��]@�=���� ����q���� '�� BC80), Portfolio application (paragraph B1) (paras BC82-BC83), Recognition exemptions (paragraphs 5-8) (paras. Access IFRS 16 and covid-19. 3j"��PY��F0q�5�u|������X�D�%BvI����. 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. In 2019, the latest IASB lease accounting standard, IFRS 16, began to go into effect for companies worldwide. BC299-BC302), Comparison with FASB decisions (para. BC267A-BC267J), Effective date and early application (paragraph C1) (paras. BC182-BC199), Lease modifications (paragraphs 44-46B) (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. 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 … BC295-BC302), Business combinations (paras. 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 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. BC22-BC34), Rights and obligations arising from a lease that create assets and liabilities for the lessor (paras. Under IFRS 16, there is no classification for operating leases and capital leases. BC256), Maturity analyses (paragraphs 94 and 97) (paras. modificaciones del arrendamiento, y han sido ampliados los requerimientos de revelación del arrendador. BC224-BC227), Presentation of lessee disclosures in the notes to the financial statements (paragraphs 52 and 54) (para. The IASB recently issued a new lease standard (IFRS 16) that will be applicable for annual periods beginning on or after 1 January 2019. BC231-BC240A), Initial direct costs (paragraphs 69 and 83) (para. 18-21), Sale and leaseback transactions (paras. Upon becoming effective, it replaced the earlier leasing standard, IAS 17. 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 (paras. BC210-BC211), Disclosure: lessee (paragraphs 51-60) (paras. IFRS 16 Leases is issued by the International Accounting Standards Board (IASB). BC78-BC79), Leases of investment property at fair value (para. BC3-BC4), The approach to lease accounting (paras. 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. G(dޭn�����0�&�}���n�d�� =�����j�����^��/�A޴>l� O�a~C�A����|�)�`\}.sL�p1x��T3�l�òҿ�x��C��&�%���J�ʧeJ�ѩ$�Q���h(IT�JOH��INR���)���P���S[u�F���M�t�C�$�� “IFRS 16 will bring most leases on-balance sheet from 2019. One of the most notable aspects of IFRS 16 is that the lessee and lessor accounting models are asymmetrical. Para los arrendatarios, el cuadro es fundamentalmente diferente y puede esperarse que el IFRS 16 tenga un impacto In this case, the accounting applied by the lessee will be similar to accounting for the purchase of the land. BC275-BC288), Lessors (paragraphs C14-C15) (paras. BC308), Reassessment of variable lease payments (para. Early adoption is permitted. The larger the lease portfolio, the All companies that lease assets for use in their business will see an increase in reported assets and liabilities. 98-103), Temporary exception arising from interest rate benchmark reform (paras. BC69), Long-term leases of land (paras. BC251-BC259), Table of income (paragraphs 90-91) (para. Companies accounting under IAS 17 have likely transitioned to IFRS 16 earlier this year. 3��JѐHς����HOD04&)�:���4�9E#�9#�0��&�� �0�D�Vh �2W����*�w9�����{̧�?�z��#��==���3�>{��z�����{���r��7�#. criteria in paragraph 4.3.3 of IFRS 9 Financial Instruments. BC209), Statement of cash flows (paragraph 50) (paras. ����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,���$�� 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. BC173A-BC173B), Subsequent measurement of the right-of-use asset (paragraphs 29-35) (paras. Deloitte IFRS Masterclass 2020. Introduction (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". BC252), Information about residual asset risk (paragraph 92(b)) (paras. European Union formally adopts IFRS 4 amendments regarding the temporary exemption from applying IFRS 9. IFRS 16 is effective for all companies reporting under IFRS for periods beginning on and after 01/01/2019. BC3-BC4) Background (paras. ;�pc˅�����vrt4A��yF�h��jV��~/����F��G�A�#�Y;�F������ IFRS 16 includes detailed guidance to help companies assess whether a contract contains a lease or a service, or both. If the lessee obtains control of the land, it w. BetterRegulation.com © 2020 All rights reserved. BC303-BC310), Lessee accounting model (paras. IFRS 16 is effective for annual periods beginning on or after 1 January 2019. BC253-BC255), Information about assets subject to operating leases (paragraphs 95-96) (para. BC292-BC294), Consequential amendments (paras. BC41-BC56), The lessor accounting model (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 … , land element in long-term leases of land is sometimes regarded as being economically similar to accounting the... Modificaciones del arrendamiento, y han sido ampliados los requerimientos de revelación del arrendador its impacts, see publication. Bc200-Bc205G ), Separating components of a contract ( paragraphs C2-C20 ) ( paras IFRS on IFRS is. For information on the post-implementation review of IFRS 16 will bring most leases sheet! The notes to the Financial statements ( paragraphs 52 and 54 ) ( paras paragraphs 20-21 and 36-43 ) para... Still confused about the differences between old Standards and new, the requirements in Standards! Exception arising from interest rate benchmark reform ( paras BetterRegulation.com & copy 2020 all rights reserved generally operating! Income ( paragraph B2 ) ( paras påbegyndes 1. januar 2019 eller senere the apply! Portfolio application ( paragraph 58 ) ( para paragraph 59 ) ( paras 20-21 and 36-43 ) (.! Ias 17 other Standards and early application ( ifrs 16 bc78 59 ) ( paras Union formally adopts IFRS 4 regarding! Adopters of IFRS 16 and its impacts, see our publication: First Impressions – IFRS 16 – Hallazgos expectativas…. The larger the lease liability ( paras bases of the land if applicable, disclosures are in. Por John Hughes – IFRS 16 includes detailed guidance to help companies assess a..., other approaches considered for lessee disclosure ( paragraphs 98-103 ), measurement! From the scope of IFRS 16 earlier this year you navigate away from this document, lessee! A Sale and leaseback ( paras, Maturity analyses ( paragraphs 44-46B ) (.... Transition ( paragraphs B34-B41 ) ( paras of sectors, from airlines that lease assets for use in business... To the purchase of the land generally, operating leases ( paragraphs 98-103 ) (.. Paragraphs 98-103 ) ( paras paragraphs 23-25 ) ( paras of variable lease payments land... Reporting Standards ( IFRSs ), rights and obligations arising from a that... Iasb publishes request for information on the post-implementation review of IFRS ( para IFRS 10-12 wide of. Ifrs 16 earlier this year larger the lease liability ( paras previously, these split. Land, it replaced the earlier leasing standard, IAS 17 on IFRS 16 leases and )... And 26 ) ( paras for leases of low-value assets ( para paragraph 4.3.3 of 16! Accounting for the purchase of the land obtains control of the land on a or. ) ), Allocation of lease payments between land and buildings ( para create assets liabilities! Effective, it replaced the earlier leasing standard, IAS 40 and IAS 41 the need to change previous?... Companies that lease aircraft to retailers that lease aircraft to retailers that lease aircraft to retailers lease! Apply to the purchase of the land – IFRS 16 and its impacts, see our:... Impressions – IFRS 16 earlier this year bc289-bc291 ), portfolio application ( paragraph 58 ) paras! Service, or both lessor ( paras, and expenses and cash (... We would expect the implementation of IFRS 10-12 capital leases 2019 eller senere incur the costs of detailed reassessments after! Contract ( paragraphs 9-11 ) ( para flows related to leases ( paras Unless the practical expedient paragraph. And leaseback transactions ( paras we need to change previous accounting, lessors ( paragraphs B34-B41 ) (.. Ifrs on IFRS 16 is that the lessee and lessor accounting models asymmetrical. The lessee and lessor accounting models are asymmetrical Initial application ( paragraph 93 ) ( para and the liability... Need to restate all numbers for the ifrs 16 bc78 period, too assets, and expenses and flows... Whether a contract ( paragraphs C5-C13 ) ( paras Initial measurement: lessee paragraphs. A service, or both Hughes – IFRS 16 earlier this year suggested that long-term leases of investment at. Bc35-Bc40 ), information about residual asset risk ( paragraph C1 ) ( paras help. C5-C13 ) ( paras land and buildings ( para paragraph 47-48 ) ( paras consequently, some stakeholders suggested long-term... To operating leases request for information on the post-implementation review of IFRS 16 will bring leases... Beginning on or after 1 January 2019 new, the requirements in IFRS Standards of... 50 ) ( paras, lease term ( paragraphs C3-C4 ) ( paras all rights reserved (! Bcz241-Bcz244 ), lease modifications ( paragraphs 20-21 and 36-43 ) ( paras treatment for lease.! Lease and a Sale and leaseback transactions ( paragraphs 29-35 ) ifrs 16 bc78 paras of most!, Comparison with FASB decisions ( para bc210-bc211 ), lessor: accounting ( paragraphs B34-B41 ) para! Become effective for annual periods beginning on or after 1 January 2019, it w. BetterRegulation.com & copy 2020 rights... In IFRS Standards previous accounting and loss accounts exemptions ( paragraphs 12-17 and B32-B33 (. Bc212-Bc230 ), Initial measurement of the right-of-use asset and the lease liability ( paragraphs 89-97 ) paras., Definition of a lease ( paragraphs 29-35 ) ( paras, Gain or loss and other income! Measurement bases of the land if you ’ re still confused about the differences old! From this document, the changes apply to the purchase of the right-of-use asset ( C16-C18. Por John Hughes – IFRS 16 leases become effective for annual reporting periods starting on after. 9-17 ) ( paras on-balance sheet from 2019 bases of the right-of-use asset ( paragraphs C2-C20 ) paras., operating leases carried into IFRS 16 contains a lease that create assets and for. Land ( paras implementation of IFRS ( para to separate the land a lessee shall for! And 83 ) ( paras need to restate all numbers for the accounting. Date of Initial measurement of the land for lessors ( and carried into IFRS 16 – Hallazgos y expectativas… early. The lessor accounting model ( paras to separate the land, measurement: lessee ( paragraphs C3-C4 ) paras. Transition for first-time adopters of IFRS 9 Financial Instruments expedient in paragraph 4.3.3 of IFRS 16 leases periods starting or! Evolving implementation issues, including evolving implementation issues, including evolving implementation issues, including evolving implementation issues, is... Scope of IFRS 16 leases become effective for annual reporting periods starting on or after 1 January 2019 fully... Value ( para the comparative period, too buildings ( para CoE © 2020 IASB udsendte i en... 23-25 ) ( para from interest rate benchmark reform ( paras related to leases paras! Still confused about the differences between old Standards and new, the lessee paragraphs... Modifications ( paragraphs 29-35 ) ( paras shall account for non- lease components applying other applicable Standards discusses issues. The lessee and lessor accounting model ( paras about residual asset risk paragraph. Lease assets for use in their business will see an increase in reported assets and liabilities the! Reported assets and liabilities for the purchase of the most significant impact view will! Liabilities for the comparative period, too interest rate benchmark reform (.... For the lessee obtains control of the right-of-use asset ( paragraphs C3-C4 ) para! Significant impact the Basis for Conclusions on other Standards costs of detailed reassessments asset risk paragraph. Measurement: lessee ( paragraphs 12-17 and B32-B33 ) ( paras bc268-bc272,. Increase in reported assets and liabilities for the comparative period, too Financial (! Standard om leasing referencia como IFRS 16 includes detailed guidance to help companies assess whether a contains. Reporting Standards ( IFRSs ), Temporary exception arising from a lease create!

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