IFRS 16 Leases
IFRS 16 requires lessees to bring most leases onto the balance sheet as a right-of-use asset and a lease liability, with depreciation and interest replacing a single rent expense. Short-term and low-value leases can be exempted.
IFRS 16 requires lessees to bring most leases onto the balance sheet as a right-of-use asset and a lease liability, with depreciation and interest replacing a single rent expense. Short-term and low-value leases can be exempted.