SFRS(I) 16 / FRS 116 does not make any distinction between operating or finance leases for lessees and virtually all leases (except for exempted short-term leases or low value asset leases) will be recorded on the balance sheet. This is followed by not only increased disclosure requirements in the financial statements but could also affect the analyses of key performance ratios, business valuations and impairment assessments.
This publication highlights some key changes from applying the new leasing standard and includes references to various publications for in-depth understanding.
Key topics covered include:
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Kok Moi Lre
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