IFRS 16: Leases

IFRS 16

Leasing is an important financial solution used by many organisations. It enables companies to use property, plant, and equipment without needing to incur large initial cash outflows. Under existing rules, lessees generally account for lease transactions either as off-balance sheet operating or as on balance sheet finance leases. The new standard requires lessees to recognise nearly all leases on the balance sheet which will reflect their right to use an asset for a period of time and the associated liability to pay rentals. The lessor’s accounting model largely remains unchanged.

{{filterContent.facetedTitle}}

Contact us

Ian Farrar

China and Hong Kong Corporate Treasury Leader, PwC Hong Kong

Tel: +[852] 2289 2313

Shelley So

Partner, PwC Hong Kong

Tel: +[852] 2289 2955

Follow us