IFRS 16 Leases

The objective of IFRS 16 Leases is to report information that (a) faithfully represents lease transactions and (b) provides a basis for users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. To meet that objective, a lessee should recognize assets and liabilities arising from a lease.

IFRS 16 Leases introduces a single lessee accounting model and requires a lessee to recognize assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. A lessee is required to recognize a right-of-use asset representing its right to use the underlying leased asset and a lease liability representing its obligation to make lease payments.

IFRS 16 Leases is Copyright: IFRS Foundation Statement of Financial Position


IFRSInternational Financial Reporting Standards0IFRS
IFRS16IFRS 16 Leases1IFRS16


IAS17IAS 17 Leases*IAS17
CSFPStatement of Financial PositionCSFP
IFRS 16 Leases International Financial Reporting Standards 00016 1 IFRS, Standard, Financial, Reporting, GAAP, Risks, Lease, Cash Flow, Liability, Uncertainty IFRS 16 requires an entity to truthfully report risks and uncertainties from leases