Leases IFRS 16 and the discount rate



Seminar - Hot topics treasury Leases IFRS 16 and the discount rate

Strictly private and confidential 14 June 2018

Contents

1

Welcome and introduction

2

IFRS 16 summary

3 5

3

Discount Rate

15

Seminar - Hot topics treasury PwC

Strictly private and confidential

2 14 June 2018

1 Welcome and introduction

Welcome and introduction

Seminar - Hot topics treasury PwC

Strictly private and confidential

3 14 June 2018

1 Welcome and introduction

With you today

Karin Meijer Director Capital Markets and Accounting Advisory Services T: +31 (0)88 792 2635 M: +31 (0)6 20303990 karin.meijer@

Dino Tsafantakis Senior Associate Capital Markets and Accounting Advisory Services T: +31 (0) 88 792 3693 M: +31 (0)6 1399 9045 dino.tsafantakis@

Seminar - Hot topics treasury PwC

Strictly private and confidential

4 14 June 2018

2 IFRS 16 summary

IFRS 16 summary

Seminar - Hot topics treasury PwC

Strictly private and confidential

5 14 June 2018

2 IFRS 16 summary

IFRS 16 Summary

Seminar - Hot topics treasury PwC

Lessee has to present interest expense

Lessee has to recognise a rightof-use asset and a lease

(on lease liability) and depreciation charge (for right-of-use asset) separately

liability for almost all lease

contracts Exemptions for short-term

Lease liability represents the present value of the lease payments

leases and leases of low

discounted at the interest rate

value assets

implicit in the lease if readily

determinable. If not readily

Lessor accounting stays almost the same as

determinable, incremental borrowing rate is used.

under current guidance

Enhanced disclosure

Effective date

requirements

IFRS 16 was

1 January 2019

published on 13 January 2016

Earlier application permitted (together

with IFRS 15)

Strictly private and confidential

6 14 June 2018

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