IFRS 16 Leases

On 13 January 2016, the International Accounting Standards Board ("IASB") published the new leases standard (IFRS 16), which will be effective on 1 January 2019. The new standard fundamentally changes the accounting for lessees and will have a significant impact on many companies across various industries.

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Jonathan Seeto

Managing Partner, PwC Papua New Guinea

Tel: +675 321 1500 | 305 3100

Stephen Beach

Principal, PwC Papua New Guinea

Tel: +675 472 2644 | 7100 9535

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