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Presentation and disclosure requirements of IFRS 16 Leases
This publication summarizes the new requirements for lessees in IFRS 16 Leases, both at transition and on an ongoing basis.
This publication illustrates possible formats entities could use to disclose information required by IFRS 16 Leases using real-life examples from entities that have early adopted IFRS 16. Extracts from financial reports presented in this publication are reproduced for illustrative purposes. They have not been subject to any review on compliance with IFRS or any other requirements, such as local capital market rules. This publication documents practices that entities have developed and the extracts presented here are not intended to represent ’best practice’. We also remind readers that the extracts presented should be read in conjunction with the rest of the information provided in the financial statements and the related notes in order to understand their intended purposes.
This publication supplements our Applying IFRS, A closer look at the new leases standard and should be read in conjunction with it.