Interim disclosures in the first year of applying IFRS 16 390706 endobj Phase 2 amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 – interest rate benchmark (IBOR) reform. Alternative presentations may be acceptable if they comply with the specific disclosure requirements prescribed in IFRS. IFRS 16 Leases - the impact Financial Reporting Faculty, May 2019 This webinar looks at the impact of IFRS 16 Leases, its interaction with evolving business models and potential challenges for users. endobj 88 0 obj 2018-02-21T04:10:50.837-05:00 IFRS 16 Leases The new standard is ready, are you? • the primary financial statement captions and illustrative note disclosures presented in this appendix are only those impacted by IFRS 16 • the date of initial application of IFRS 16 by the Group is assumed to be 1 January 2019, and therefore the Standard was not adopted early … �vz#�Tu9��x�'֡����cM���?��f�ܙ. BC224-BC227) Presentation of lessee disclosures in the notes to the financial statements (paragraphs 52 and 54) (para. The financial statements illustrative disclosures to reflect the first time adoption of IFRS 9 ‘Financial Instruments’ and IFRS 15 ‘Revenue from Contracts with Customers’. We recommend that readers refer to our publication IFRS disclosure checklist 2012. IFRS 16 Leases was issued by the IASB in January 2016. In compiling the illustrative disclosures, we have made a number of assumptions in relation to the adoption of NZ IFRS 16. <> Most companies will have to make changes to their disclosures this year to reflect the adoption of NZ IFRS 16 Leases. In compiling the illustrative disclosures, we have made a number of assumptions in relation to the adoption of NZ IFRS 16. [50 0 R 53 0 R 56 0 R 57 0 R 59 0 R 62 0 R 63 0 R 64 0 R 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 75 0 R 76 0 R 79 0 R 80 0 R 81 0 R 85 0 R 86 0 R 87 0 R 88 0 R 91 0 R 92 0 R 93 0 R 94 0 R 95 0 R 96 0 R 99 0 R 100 0 R 101 0 R 102 0 R 105 0 R 106 0 R 108 0 R 112 0 R 113 0 R 114 0 R 117 0 R 118 0 R 119 0 R 122 0 R 123 0 R 124 0 R 127 0 R 128 0 R 129 0 R 132 0 R 133 0 R 134 0 R 136 0 R 138 0 R 139 0 R 140 0 R 142 0 R 143 0 R 144 0 R 145 0 R 146 0 R 150 0 R 151 0 R 152 0 R 153 0 R 154 0 R 155 0 R 158 0 R 159 0 R 162 0 R 163 0 R 164 0 R 165 0 R 168 0 R 169 0 R 172 0 R 173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 180 0 R 181 0 R 182 0 R 183 0 R 186 0 R 187 0 R 190 0 R 191 0 R 192 0 R 193 0 R 196 0 R 197 0 R 200 0 R 201 0 R 202 0 R 204 0 R 205 0 R 209 0 R 210 0 R 213 0 R 214 0 R 215 0 R 216 0 R 219 0 R 220 0 R 221 0 R 223 0 R 224 0 R 225 0 R 226 0 R 230 0 R 231 0 R 232 0 R 233 0 R 236 0 R 237 0 R 238 0 R 241 0 R 242 0 R 243 0 R 246 0 R 247 0 R 248 0 R 251 0 R 252 0 R 253 0 R 256 0 R 257 0 R 258 0 R 259 0 R 262 0 R 263 0 R 265 0 R 266 0 R 267 0 R 268 0 R 271 0 R 272 0 R 273 0 R 274 0 R 275 0 R 276 0 R 277 0 R 278 0 R 279 0 R 282 0 R 283 0 R 287 0 R 288 0 R 289 0 R 290 0 R 291 0 R 294 0 R 295 0 R 296 0 R 297 0 R 298 0 R 301 0 R 302 0 R 303 0 R 304 0 R 307 0 R 312 0 R 316 0 R 317 0 R 321 0 R 322 0 R 326 0 R 327 0 R 332 0 R 336 0 R 340 0 R 344 0 R 349 0 R 353 0 R 357 0 R 361 0 R 366 0 R 370 0 R 374 0 R 378 0 R 383 0 R 387 0 R 391 0 R 395 0 R 400 0 R 404 0 R 408 0 R 412 0 R 417 0 R 421 0 R 425 0 R 429 0 R 434 0 R 438 0 R 442 0 R 446 0 R 451 0 R 455 0 R 459 0 R 463 0 R 464 0 R 465 0 R 466 0 R 467 0 R 468 0 R 469 0 R 470 0 R 471 0 R 472 0 R 473 0 R 474 0 R 475 0 R 476 0 R 477 0 R 478 0 R 479 0 R 480 0 R 481 0 R] 10.0 pwc-content-type:publication The illustrative disclosures outlined in this publication are in accordance with IFRSs, disclosures required by regulatory bodies have not been included. Example 1: Illustrative financial statements for SMEs IFRS 12 is applicable for annual reporting periods beginning on or after 1 January 2013. This edition is modelled on our global IFRS 2019 publication and shows - using shading - the disclosures that can be removed if an entity is reporting under Tier 2. ��lk3j��Z�:���t�::���v���0�B0Ղ�]��ݷ�Q�Q�*���M�*�!�#Z�ls`L��ō��`���=���P?�0c����C��nt7-��t���-�F����2�">��wi!�������釾���~j&���m��И�U�� �y8jU�p�.Fc�z� ���S�\1��I����)*U��3�~ߏN�6�:����Up���Ne �^�l��),�����p���l��|��o�G+�֟�ً'���BcS����[��{�"t.���eʍ�Kn��cWk�Ơ�p�������}�{Kc�S��*Evr��;/DT���o�D+� ���xoF�w�{�T���h���xU�a���ُ'w�̰��V�B��HA!��jc (/"�٢�PP�6���u�*�.�'z̴��g���s^��;�eH���� 1t ��/�˿�@��T��##�^�Ug)�F7��i�����Q��x=\W��W��z9R�Rg��`+������^�h�^��D���H?\T^©��A�FW�GA5�����LjyE]ҝ�o��]�j7�$$w���fx]D�!�kG��O' ��Z��]9wZ��Yn�޶���?��hrg�P��HS�� Fb�A�LK�� ���ӧ� International Financial Reporting Standards’, is not applicable. IFRS 16 Further specific ... PwC – Illustrative IFRS consolidated financial statements for 2012 year ends vii. Peter Hogarth, PwC, pinpoints the hot topics in implementing IFRS 16 Leases at the Financial Reporting Faculty’s 2019 conference. Further specific information may be required in order to ensure fair presentation under IFRS. • a summary of the important illustrative examples accompanying IFRS 16 dealing with the identification of leases; • convenient checklists for IFRS 16’s presentation and disclosure requirements (separately for lessees and lessors); and • a brief comparison with US Generally Accepted Accounting Principles (US … endobj 2017 is almost upon us, which means the mandatory date for adoption of NZ IFRS 9 Financial instruments and NZ IFRS 15 Revenue from contracts with customers (1 January 2018) is not far away. 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