IFRS 16 led to significant changes in the accounting of lease contracts and is a challenge for many companies.
The free Excel template from Envoria shows you the relevant disclosure statements for the new standard.
| Free Excel Download: IFRS 16 Disclosures |
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Lessee Disclosure Statements
The relevant Disclosure Statements for lessee contracts are:
IFRS 16.53J
Right of Use Asset Value
Right of Use Asset at the end of the period.
IFRS 16.53A
Right of Use Asset Depreciation
Value of the depreciation within the period.
IFRS 16.53J Optional/Not in the standard
Lease Liability Value
Lease Liability at the end of the period.
IFRS 16.53B
Interest Expense
Value of the interest expense within the period.
IFRS 16.53C
Expense from Short Term Leasing Contracts
Lease Expense/Payments from assets within the period where the short term practical expedient is applied.
IFRS 16.53D
Expense from Low Value Leasing Contracts
Lease Expense/Payments from assets within the period where the low value practical expedient is applied. Excluding assets where the short term rule from 15.53c is applied.
IFRS 16.53E
Expense from Variable Lease Payments
Lease Expense/Payments from assets with variable lease payments within the period.
IFRS 16.53G
Lease Payments
Expense/Payments from assets within the period.
IFRS 16.53H
Right of Use Asset Additions
Right of Use Asset Additions within the period without depreciation with adjustments from modifications.
IFRS 7.39B
Lease Liability Maturity
Lease Liability based on the currently maintained contracts splitted into maturity periods. Starting from the end of the period.