Guide to Drafting MFRS 16 Disclosures

The new MFRS 16 “Leases”, effective for annual reporting periods beginning on or after 1 January 2019 adds significant new, enhanced disclosures for both lessees and lessors. This disclosure guide explains the MFRS 16 presentation and disclosure requirements and provides guidance to preparers on how to address these requirements in the first year of adoption of MFRS 16 in 2019. Guidance notes are added where applicable to provide insights on the requirements.

For MFRS preparers applying the simplified retrospective transition method

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