IFRS 16 - Leases

We are Management & Financial advisory company, Specialized in IFRS and implementing the newly published IFRS-16 Leases Standards. The sole mission of the company is to support and implementing the new standards of leases. The IASB published the new lease accounting standard IFRS 16, which is applicable from January 1, 2019. As the majority of companies uses some kind of leasing they will be effected by this standard. Most operating leases, previously off balance sheet, will have to be brought on to your balance sheet going forward. Operation Lease will no longer be classified at the end they will be shifted to capital leases.