Written by: Barbora Choi on Mon Aug 11
IFRS 16 Leases
The standard sets out the principles for the recognition, measurement, presentation and disclosure of leases.
"Right-of-use assets for the land we lease are depreciated over the period 50 - 993 years".*
Generally, there are two groups of financial statements' preparers & users.
Some love the current lease standard: "Everything goes onto the balance sheet!"
Some hate it: "Everything goes onto the balance sheet!"
IFRS 16 Leases in 15 seconds ⏩
- Felda Global Ventures Plantations, Malaysia.
