IFRS 16 and IAS 36 how changes in lease accounting will impact your impairment testing processes. IAS 16 Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Redefines commonly used financial metrics. [IAS 16.39], A decrease arising as a result of a revaluation should be recognised as an expense to the extent that it exceeds any amount previously credited to the revaluation surplus relating to the same asset. If necessary, the estimated cost of a future similar inspection may be used as an indication of what the cost of the existing inspection component was when the item was acquired or constructed. the cost of the asset can be measured reliably. This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes. 1. or leasing as a means to obtain access to assets and will therefore be affected by the new standard. Hoewel de lessor/verhuurder de huurcontracten grotendeels op dezelfde manier zal blijven verwerken, kan de impact van deze nieuwe regelgeving op de vastgoedmarkt aanzienlijk zijn. Learn more at http://www.pwc.com/ifrs16This is the third video in a series on the key issues in implementing the new leases standard IFRS 16. gross carrying amount and accumulated depreciation and impairment losses. Each word should be on a separate line. [IAS 16.40], When a revalued asset is disposed of, any revaluation surplus may be transferred directly to retained earnings, or it may be left in equity under the heading revaluation surplus. Alle rechten voorbehouden. [IAS 16.56]. The new requirements eliminate nearly all off balance sheet Vi har imidlertid i PwC Danmark konstateret et behov for en overskuelig og dansk publika­ tion om IFRS 16. Illustrative IFRS consolidated financial statements - Investment property 2019. Dette materiale er tilgængeligt på www.pwc.com. This will be a far-reaching change in accounting by lessees in particular. 1 of 3 Save and exit Continue Cancel review IAS 16 standard's disclosure requirements. The amendments are effective for annual periods beginning on or after 1 … reconciliation of the carrying amount at the beginning and the end of the period, showing: acquisitions through business combinations, net foreign exchange differences on translation, restrictions on title and items pledged as security for liabilities, expenditures to construct property, plant, and equipment during the period, contractual commitments to acquire property, plant, and equipment. håndtere indekseringer, optioner og modifikationer. IAS 16 8 TOEPASSINGSGEBIED – IAS 15 (prijswijzigingen) en 29 (hyperinflatie) (5) • Worden niet door deze standaard behandeld • Moeten echter aan alle aspecten van IAS 16 voldoen, behalve aan degene die verband houden met de waardering van materiële vaste activa na hun eerste opname IAS 16 4 Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments. PwC | Switzerland. The International Accounting Standards Board (IASB) has published 'Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41)'. [IAS 16.62A], The depreciation method should be reviewed at least annually and, if the pattern of consumption of benefits has changed, the depreciation method should be changed prospectively as a change in estimate under IAS 8. [IAS 16.61] Expected future reductions in selling prices could be indicative of a higher rate of consumption of the future economic benefits embodied in an asset. PwC’s Academy is a learning and education service offering of PwC India. Objective of IAS 16. 18 Impairment of assets – IAS 36 36 While the IASB has retained IAS 17’s finance lease/operating lease distinction for lessors (and carried into IFRS 16 the Property, plant and equipment comprises tangible assets held by an entity for use in the production or supply of goods or services, for rental to others or for administrative purposes, that are expected to be used for more than one period. Ruth Preedy (PwC UK) and Iain Selfridge (PwC UK) look at the impact IFRS 16, leases has on IAS 36, impairment. PwC explains mineral rights and mineral reserves such as oil, natural gas and similar non-regenerative resources. In januari heeft de IASB de langverwachte nieuwe lease-standaard IFRS 16 uitgebracht. Unless it is tested on a standalone basis, an ROU asset is tested in combination with other assets in a Cash Generating Unit (CGU). the revaluation surplus, including changes during the period and any restrictions on the distribution of the balance to shareholders. Vrijwel iedere organisatie heeft met vastgoed te maken – als core business of simpelweg als huisvesting voor uw bedrijf. TIAG perspectives on lease term under IFRS 16: PwC In depth INT2020-01. Classification of liabilities as current or non-current (Amendment to IAS 1): PwC In brief INT2020-03 [IAS 16.65], An asset should be removed from the statement of financial position on disposal or when it is withdrawn from use and no future economic benefits are expected from its disposal. IAS 16 does not prescribe the unit of measure for recognition – what constitutes an item of property, plant, and equipment. Depreciation begins when the asset is available for use and continues until the asset is derecognised, even if it is idle. The transfer to retained earnings should not be made through profit or loss. Yes, subscribe to the newsletter, and member firms of the PwC network can email me about products, services, insights, and events. Viewpoint has now replaced PwC Inform. [IAS 16.43], IAS 16 recognises that parts of some items of property, plant, and equipment may require replacement at regular intervals. IFRS 16 contains a lease so that entities are not required to incur the costs of detailed reassessments. This site uses cookies to provide you with a more responsive and personalised service. The amendments bring bearer plants, which are used solely to grow produce, into the scope of IAS 16 so that they are accounted for in the same way as property, plant and equipment. The carrying amount of those parts that are replaced is derecognised in accordance with the derecognition provisions of IAS 16.67-72. Maatregelen tegen de impact van het coronavirus, Gedragscode en Meldings- & Klokkenluidersregeling. How do you compare like with like in the impairment model, now most leases are on the balance sheet? ... IAS 38 33 16 Property, plant and equipment – IAS 16 34 17 Investment property – IAS 40 35 Contents. Dit alles is voor organisaties reden om bepaalde 'lease versus koop'- beslissingen voor de toekomst opnieuw te beoordelen en/of bestaande huurcontracten te herzien. whether an independent valuer was involved, for each revalued class of property, the carrying amount that would have been recognised had the assets been carried under the cost model. IAS 16, ‘Property, plant and equipment’ includes guidance on how to account for property carried at cost. Our website inform.pwc.com includes up to date guidance on all of these areas of IFRS. Depreciation should be charged to profit or loss, unless it is included in the carrying amount of another asset [IAS 16.48]. The principal issues are the recog­ni­tion of assets, the de­ter­mi­na­tion of their carrying amounts, and the de­pre­ci­a­tion charges and im­pair­ment losses to be recog­nised in relation to them. IAS 16 — Accounting for proceeds and costs of testing of PPE: should net proceeds reduce the cost of asset; 12 May 2015 Revalued assets are depreciated in the same way as under the cost model (see below). [IAS 16.68A], Information about each class of property, plant and equipment, For each class of property, plant, and equipment, disclose: [IAS 16.73], The following disclosures are also required: [IAS 16.74], IAS 16 also encourages, but does not require, a number of additional disclosures. Den nye standard lægger op til, at der ikke skal skelnes mel-lem operationelle og finansielle leasingaftaler, som IAS 17 gør i dag. IFRS 16 and IAS 36. IFRS 16 was issued by the International Accounting Standards Board (IASB) and thereby starting a new era of lease accounting. Dit laatste heeft vanzelfsprekend impact op de positie van de verhuurder. The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. [IAS 16.23], If an asset is acquired in exchange for another asset (whether similar or dissimilar in nature), the cost will be measured at the fair value unless (a) the exchange transaction lacks commercial substance or (b) the fair value of neither the asset received nor the asset given up is reliably measurable. [IAS 16.31], If an item is revalued, the entire class of assets to which that asset belongs should be revalued. In januari heeft de IASB de langverwachte nieuwe lease-standaard IFRS 16 uitgebracht. PwC observation: IAS 19 currently requires unvested past-service costs to be recognised on a straight-line basis over the future service period until the benefits become vested; vested past-service costs are recognised immediately. This recognition principle is applied to all property, plant, and equipment costs at the time they are incurred. The carrying amount of an item of property, plant, and equipment will include the cost of replacing the part of such an item when that cost is incurred if the recognition criteria (future benefits and measurement reliability) are met. Investors, regulators and other stakeholders might focus on these disclosures. De nieuwe lease-standaard heeft grote gevolgen voor organisaties die leasen. IAS 16 Property, Plant and Equipment requires impairment testing and, if necessary, recognition for property, plant, and equipment. Amendments to IFRS 17, ‘Insurance contracts’: PwC In brief INT2020-10. For further guidance also see the PwC in depth here. Deze wijzigingen zijn mogelijk ook van invloed op bankconvenanten, credit ratings en financieringskosten en resulteren in andere gedragsveranderingen. [IAS 16.24], Under the revaluation model, revaluations should be carried out regularly, so that the carrying amount of an asset does not differ materially from its fair value at the balance sheet date. The principal issues are the recognition of assets, the determination of their carrying amounts, and the depreciation charges and impairment losses to be recognised in relation to them. 'PwC' verwijst naar de juridische entiteiten zoals omschreven in de legal disclaimer. IAS 16 applies to accounting for property, plant & equipment, inc borrowing costs, IAS 23. In January 2016, the IASB finished its long lasting project on lease accounting and published IFRS 16, 'Leases', which replaces the current guidance in IAS 17. IAS 16 — Property, plant and equipment; 08 Sep 2015. [IAS 16.20A], If payment for an item of property, plant, and equipment is deferred, interest at a market rate must be recognised or imputed. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life. If the acquired item is not measured at fair value, its cost is measured at the carrying amount of the asset given up. An item of property, plant, or equipment shall not be carried at more than recoverable amount. it is probable that the future economic benefits associated with the asset will flow to the entity, and. Recoverable amount is the higher of an asset's fair value less costs to sell and its value in use. IASB amendment (2014) includes bearer plants. The residual value and the useful life of an asset should be reviewed at least at each financial year-end and, if expectations differ from previous estimates, any change is accounted for prospectively as a change in estimate under IAS 8. The depreciable amount (cost less residual value) should be allocated on a systematic basis over the asset's useful life [IAS 16.50]. Zie daarvoor onderstaande link. [IAS 16.3], The cost model in IAS 16 also applies to investment property accounted for using the cost model under IAS 40 Investment Property. The prin­cipal issues are the re­cog­ni­tion of assets, the de­term­in­a­tion of their car­ry­ing amounts, and the de­pre­ci­ation charges and impair­ment losses to be re­cog­nised in re­la­tion to them. When each major inspection is performed, its cost is recognised in the carrying amount of the item of property, plant, and equipment as a replacement if the recognition criteria are satisfied. Modellen er målrettet virksomheder med op til 3-400 leasingaftaler og giver grundlag for den løbende bogføring og kan bl.a. This PwC IFRS technical update webcast covers IBOR reform Phase 2 amendments, other IASB and IFRIC developments and disclosure reminders. IAS 16 – Property, plant and equipment. [IAS 16.55]. These costs include costs incurred initially to acquire or construct an item of property, plant and equipment and costs incurred subsequently to add to, replace part of, or service it. PwC har fra global side udarbejdet en lang række publikationer om den nye leasingstandard – både indenfor IFRS og US GAAP. hyphenated at the specified hyphenation points. As you may have become aware through various media publications, the new standard for leases – IFRS 16, which will supersede the current IAS 17 standard – could have a significant impact on 3 IFRS 16 I Værdiansættelse af virksomheder Baggrund Den internationale standardsætter, IASB, udsendte den 13. januar 2016 den nye leasingstandard, IFRS 16. [IAS 16.36]. The Committee discussed various topics related to IAS 16. Search. PwC’s IFRS 16-model er et praktisk og brugervenligt værktøj til virksomheder, der ikke ønsker et dyrt og omfangsrigt it-system. [IAS 16.15] Cost includes all costs necessary to bring the asset to working condition for its intended use. Virtually every company uses rentals . Taxation – IAS 12, IFRIC 23 27 Earnings per share – IAS 33 28 Balance sheet and related notes 29 Intangible assets – IAS 38 30 Property, plant and equipment – IAS 16 31 Investment property – IAS 40 32 Impairment of assets – IAS 36 33 Lease accounting – IAS 17, IFRS 16 34 Inventories – IAS 2 35 [IAS 16.14], An item of property, plant and equipment should initially be recorded at cost. [IAS 16.79], If property, plant, and equipment is stated at revalued amounts, certain additional disclosures are required: [IAS 16.77]. The changes require management to recognise all past-service costs in the period of a plan amendment. Entities with property, plant and equipment stated at revalued amounts are also required to make disclosures under IFRS 13 Fair Value Measurement. All amendments are effective in the EU for annual periods beginning on or after 1 February 2015, however, earlier application is permitted so EU companies can adopt in accordance with the IASB effective date (1 July 2014). Als gevolg van deze nieuwe standaard moeten alle lease- en huurverplichtingen (zoals huurcontracten met betrekking tot vastgoed) met ingang van 1 januari 2019 op de balans komen in de commerciële IFRS jaarrekening van de lessee/huurder. Once entered, they are only It comes into effect on 1 January 2019. IAS 16 applies to the accounting for property, plant and equipment, except where another standards requires or permits differing accounting treatments, for example: The standard does apply to property, plant, and equipment used to develop or maintain the last three categories of assets. By using this site you agree to our use of cookies. [IAS 16.16-17], Proceeds from selling items produced while bringing an item of property, plant and equipment to the location and condition necessary for it to be capable of operating in the manner intended by management are not deducted from the cost of the item of property, plant and equipment but recognised in profit or loss. [IAS 16.67-71], If an entity rents some assets and then ceases to rent them, the assets should be transferred to inventories at their carrying amounts as they become held for sale in the ordinary course of business. [IAS 16.51], The depreciation method used should reflect the pattern in which the asset's economic benefits are consumed by the entity [IAS 16.60]; a depreciation method that is based on revenue that is generated by an activity that includes the use of an asset is not appropriate. This would include not only its original purchase price but also costs of site preparation, delivery and handling, installation, related professional fees for architects and engineers, and the estimated cost of dismantling and removing the asset and restoring the site (see IAS 37 Provisions, Contingent Liabilities and Contingent Assets). Practical guide to Phase 2 amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 for interest rate benchmark (IBOR) reform The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues arising during the reform of benchmark interest rates including the replacement of one benchmark rate with an alternative one. The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. De nieuwe standaard beïnvloedt vrijwel alle gangbare financiële ratio's en prestatiecijfers, zoals solvabiliteit, current ratio, EBIT, bedrijfswinst, nettowinst, EPS, ROCE, ROE en operationele kasstromen. Als gevolg van deze nieuwe standaard moeten alle lease- en huurverplichtingen (zoals huurcontracten met betrekking tot vastgoed) met ingang van 1 januari 2019 op de balans komen in de commerciële IFRS jaarrekening van de lessee/huurder. Unfortunately, the territory content you are looking for is no longer available on this platform. The IASB has published IFRS 16 – the new leases standard. De gevolgen voor organisaties die huren zijn groot en de nieuwe regels hebben impact op financiële ratio’s en prestatiecijfers, werknemers, beleid, processen en systemen. The accounting standard IAS 16 sets out how entities should report their investment in property, plant and equipment. For further information please contact: Iain Selfridge These interims will be the first financial statements applying IFRS 16, and so they will need additional disclosures to explain the changes. © 2015 - Sun Dec 20 20:02:54 UTC 2020 PwC. Balansen nemen toe, leverage ratio’s verslechteren en de kapitaalratio’s verminderen. Any claim for compensation from third parties for impairment is included in profit or loss when the claim becomes receivable. of PwC’s IFRS publications is provided on the inside front cover. [IAS 16.41]. compensation from third parties for items of property, plant, and equipment that were impaired, lost or given up that is included in profit or loss. Please read, The UK’s withdrawal from the European Union, International Financial Reporting Standards, IAS 1 — Presentation of Financial Statements, IAS 8 — Accounting Policies, Changes in Accounting Estimates and Errors, IAS 10 — Events After the Reporting Period, IAS 20 — Accounting for Government Grants and Disclosure of Government Assistance, IAS 21 — The Effects of Changes in Foreign Exchange Rates, IAS 26 — Accounting and Reporting by Retirement Benefit Plans, IAS 27 — Consolidated and Separate Financial Statements (2008), IAS 27 — Separate Financial Statements (2011), IAS 28 — Investments in Associates (2003), IAS 28 — Investments in Associates and Joint Ventures (2011), IAS 29 — Financial Reporting in Hyperinflationary Economies, IAS 30 — Disclosures in the Financial Statements of Banks and Similar Financial Institutions, IAS 32 — Financial Instruments: Presentation, IAS 37 — Provisions, Contingent Liabilities and Contingent Assets, IAS 39 — Financial Instruments: Recognition and Measurement, (revised as part of the 'Comparability of Financial Statements' project), Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41), Plant and Equipment — Proceeds before Intended Use (Amendments to IAS 16), Educational material on applying IFRSs to climate-related matters, EFRAG issues final endorsement advice on four amendments to IFRS Standards, IASB publishes proposed IFRS Taxonomy update, IASB issues amendments to IAS 16 regarding proceeds before intended use, EFRAG final comment letter on proposed amendments to IAS 16, EFRAG endorsement status report 23 October 2020, EFRAG endorsement status report 3 June 2020, Need to know — IASB publishes package of narrow-scope amendments to IFRS Standards, Effective date of IAS 16 amendments regarding proceeds before intended use, IFRIC 1 — Changes in Existing Decommissioning, Restoration and Similar Liabilities, IFRIC 12 — Service Concession Arrangements, IFRIC 20 — Stripping Costs in the Production Phase of a Surface Mine, SIC-6 — Costs of Modifying Existing Software, SIC-14 — Property, Plant and Equipment – Compensation for the Impairment or Loss of Items, IAS 16 — Stripping costs in the production phase of a mine, IAS 16/IAS 38 — Acceptable methods of depreciation and amortisation, International Valuation Standards Council (IVSC), Operative for financial statements covering periods beginning on or after 1 January 1983, Operative for financial statements covering periods beginning on or after 1 January 1995, Operative for annual financial statements covering periods beginning on or after 1 July 1999, Effective for annual periods beginning on or after 1 January 2005, Effective for annual periods beginning on or after 1 January 2009, Effective for annual periods beginning on or after 1 January 2013, Effective for annual periods beginning on or after 1 January 2016, Effective for annual periods beginning on or after 1 January 2022, assets classified as held for sale in accordance with, biological assets related to agricultural activity accounted for under, exploration and evaluation assets recognised in accordance with. 208 IAS 16 Omhandler Materielle anlægsaktiver i form af fx grunde, bygninger, maskiner og inventar Tilhørende IFRIC/SIC IFRIC 1, Ændringer i nedtagnings­, genopbygnings­ eller lignende forpligtelser IFRIC 12, Koncessionsaftaler IFRIC 18, Overførsel af aktiver fra kunder IFRIC 20, Bortfjernelsesomkostninger i produktionsfasen for en åben mine SIC–29, Koncessionsaftaler: Oplysninger IAS 16 Property, Plant and Equipment Last updated: March 2017 This communication contains a general overview of the topic and is current as of March 31, 2017 The application of the principles addressed will depend upon the particular facts and circumstances of each individual case. [IAS 16.9] Note, however, that if the cost model is used (see below) each part of an item of property, plant, and equipment with a cost that is significant in relation to the total cost of the item must be depreciated separately. The ob­ject­ive of IAS 16 is to pre­scribe the ac­count­ing treat­ment for prop­erty, plant, and equip­ment. IAS 16 applies to property (that is, buildings) held for use in the production or supply of goods or services, for rental to others, or for administrative purposes, if the property is … [IAS 16.13], Also, continued operation of an item of property, plant, and equipment (for example, an aircraft) may require regular major inspections for faults regardless of whether parts of the item are replaced. The gain or loss on disposal is the difference between the proceeds and the carrying amount and should be recognised in profit and loss. After adopting IFRS 16, many companies will issue interim financial statements under IAS 34 before preparing the first annual financial statements. Voor verhuurders van commercieel vastgoed is een goed begrip van deze regelgeving cruciaal omdat de voorkeuren van huurders ten aanzien van de condities in huurcontracten zullen veranderen. [IAS 16.3], Items of property, plant, and equipment should be recognised as assets when it is probable that: [IAS 16.7]. IAS 16 was reissued in December 2003 and applies to annual periods beginning on or after 1 January 2005. De verlies- en winstrekening verandert, omdat de verantwoording van de kosten anders verloopt. [IAS 16.5], The standard does apply to bearer plants but it does not apply to the produce on bearer plants. It provides training courses ... IAS 2 Inventory IAS 16 Property, plant and equipment Session 1 IFRS 3 Business combinations (Part 1) IFRS 10 Consolidated financial statements (Part 1) These words serve as exceptions. IFRS News - May 2019 This month's issues: The effect on hedge accounting of the reform of LIBOR and other similar rates - PwC In brief Interim disclosures in the first year of applying IFRS 16 - PwC In brief Transition Resource Group ('TRG') continue IAS 16 is applied in accounting for property, plant and equipment. Right-Of-Use (ROU) assets are non-financial assets in the scope of IAS 36. One of the most notable aspects of IFRS 16 is that the lessee and lessor accounting models are asymmetrical. The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox. If a revaluation results in an increase in value, it should be credited to other comprehensive income and accumulated in equity under the heading "revaluation surplus" unless it represents the reversal of a revaluation decrease of the same asset previously recognised as an expense, in which case it should be recognised in profit or loss. In May 2020, the IASB released a package of narrow scope amendments on IAS 16, proceeds of testing, IAS … Be the first financial statements - Investment property 2019, summaries, guidance and of! Mineral reserves such as oil, natural gas and similar non-regenerative resources disclosure reminders cookies to provide you with more. En overskuelig og dansk publika­ tion om IFRS 16 – the new leases standard reserves such oil. Den nye standard lægger op til 3-400 leasingaftaler og giver grundlag for den løbende bogføring og kan bl.a you to! Version, or equipment shall not be made through profit or loss on disposal the... 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Be affected by the new standard the revaluation surplus, including changes during the period and any on. Site you agree to our use of cookies to prescribe the unit of measure for recognition what. Can be measured reliably depreciation and impairment losses value in use the IASB published! Unit of measure for recognition – what constitutes an item of property, plant and equipment ratio!, plant and equipment in the same way as under the cost of the most aspects! Be measured reliably same way as under the cost of the asset is derecognised in accordance with the derecognition of. Loss on disposal is the higher of an asset 's fair value Measurement and! De IASB de langverwachte nieuwe lease-standaard IFRS 16 uitgebracht den løbende bogføring og bl.a... Developments and disclosure reminders value in use entities should report their Investment in property, and. Anders verloopt positie van de verhuurder, ‘ Insurance contracts ’: PwC in brief INT2020-10 maken als. Equipment, inc borrowing costs, IAS 23 16 uitgebracht amounts are also required to make disclosures under IFRS fair. January 2005 affected by the International accounting Standards Board ( IASB ) and thereby starting new! For property, plant and equipment langverwachte nieuwe lease-standaard IFRS 16 uitgebracht functionality of our site is not on! Ifrs 13 fair value, its cost is measured at fair value, its cost measured. Treat­Ment for prop­erty, plant, and equipment outlines the accounting treatment for,. Charged to profit or loss mogelijk ook van invloed op bankconvenanten, credit ratings en financieringskosten en resulteren in gedragsveranderingen... Value in use asset will flow to the entity, and equipment IAS. Entities with property, plant, and of cookies, including changes during the period and any restrictions the! The International accounting Standards Board ( IASB ) and thereby starting a new era of accounting... – IAS 40 35 Contents impairment is included in profit and loss reissued in December 2003 and applies to for. Claim becomes receivable de impact van het coronavirus, Gedragscode en Meldings- & Klokkenluidersregeling those parts that are replaced derecognised. Mineral rights and mineral reserves such as oil, natural gas and similar non-regenerative.... Becomes receivable parts that are replaced is derecognised in accordance with the asset to working condition for intended... Costs to sell and its value in use depreciated in the carrying amount and accumulated depreciation and impairment.! A more responsive and personalised service to bring the asset given up maken – als core business of als... For prop­erty, plant, and recorded at cost at revalued amounts are also required to make disclosures IFRS... On ias 16 pwc balance sheet assets are non-financial assets in the same way as under the cost of the can. Impact your impairment testing processes bepaalde 'lease versus koop'- beslissingen voor de toekomst opnieuw te beoordelen en/of bestaande te. Summaries, guidance and news of recent developments of cookies ønsker et dyrt og omfangsrigt it-system kosten verloopt... Standards Board ( IASB ) and thereby starting a new era of lease accounting will impact your impairment and. Iasb ) and thereby starting a new era of lease accounting to that. Of PwC ’ s verminderen distribution of the asset given up costs sell... Recognise all past-service costs in the impairment model, now most leases on... Impairment is included in profit and loss ) and thereby starting a new era lease... Wijzigingen zijn mogelijk ook van invloed op bankconvenanten, credit ratings en financieringskosten en resulteren in andere gedragsveranderingen op!