The International Accounting Standards Board (IASB) has published an exposure draft 'Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)' that aims at clarifying how a seller-lessee should apply the subsequent measurement requirements in IFRS 16 to the lease liability that arises in a sale and leaseback transaction. Comments are requested by 29 March 2021.

IFRS 16 specifies how lessees should account for changes in lease payments, including concessions. However, IASB said applying those requirements to a potentially large volume of Covid-19-related rent concessions could be practically difficult, especially in the light of the many challenges companies face during the pandemic.

IASB pushes publication of management commentary ED to May. 07 Apr 2021. Report and video of an EAA workshop on the post-implementation review of IFRS 10, IFRS 11, and IFRS 12. 07 Apr 2021. EFRAG issues its final endorsement advice on the IASB's proposed amendment to IFRS 16 and COVID 19 .

Iasb ifrs 16 amendment

The International Accounting Standards Board expects to issue Covid-19-Related Rent Concessions beyond 30 June 2021, which amends IFRS 16 Leases, on 31 March 2021. eIFRS Professional and eIFRS Comprehensive subscribers will be able to download the document here . Property, Plant and Equipment — Proceeds before Intended Use (Amendments to IAS 16) amends the standard to prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognises the proceeds from selling such items, and the cost of producing those items, in profit or loss.

Denna bilaga innehåller ändringar av andra IFRS som är en följd av att IASB publicerar IFRS 13. Leverage including the impact of IFRS 16.

The IASB was quick to respond. In May, just two months after the pandemic was first declared, it published an amendment to IFRS 16. The amendment exempted lessees from having to take into account individual lease contracts when determining whether rent concessions directly caused by Covid-19 should be classed as lease modifications.

Paragraph 60A of IFRS 16. Leases, as added in May 2020, requires that if a lessee applies the practical expedient for rent concessions, as set out in paragraph 46A of IFRS 16, the lessee shall disclose: (a) that it has applied the practical expedient to all rent concessions that 2020-06-10 · The IASB has published an amendment to IFRS 16 that provides an optional practical expedient for lessees only which allows certain COVID rent concessions to be treated as variable lease payments rather than the more complex modification accounting. We expect the AASB to issue an equivalent amendment shortly. Follow - Discount Rate for Employee Benefits (Amendments to IAS 19) × You need to Sign inSign in On 17 April 2020, the IASB agreed to make some narrow scope amendments to IFRS 16 will provide significant operational relief for lessees that are accounting for lease concessions as a result of COVID-19.

The IASB was quick to respond. In May, just two months after the pandemic was first declared, it published an amendment to IFRS 16. The amendment exempted lessees from having to take into account individual lease contracts when determining whether rent concessions directly caused by Covid-19 should be classed as lease modifications.

The IASB also clarified in the Basis for Conclusions that for IFRS 9 Financial instruments, gains and losses arising on modifications of financial liabilities that do not result in derecognition should be recognised in profit or loss. will ensure consistency with the requirements in IFRS 13. The amendments to IFRS 1, IFRS 9, and IAS 41 published today are all effective for annual periods beginning on or after 1 January 2022. Early application is permitted.

The amendment is effective The International Accounting Standards Board (IASB) has published an exposure draft 'Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)' that aims at clarifying how a seller-lessee should apply the subsequent measurement requirements in IFRS 16 to the lease liability that arises in a sale and leaseback transaction.
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IFRIC 4 clarifies that an entity accounts for arrangements that meet specific criteria as leases even though those arrangements do not take the legal form of a lease. Examples include some outsourcing arrangements, telecommunication contracts that provide rights to

The Board approved the principles underlying amendments to IFRS 16: read details of the proposals in BDO’s IFR Bulletin. Le 28 mai 2020, l'IASB a publié l’amendement à la norme IFRS 16 Contrats de location sur les allègements de loyers liés au Covid-19, suite à l’ exposé-sondage « Concessions de loyers - amendement à IFRS 16 » publié le 24 avril 2020, afin de faciliter la prise en compte par les locataires des concessions de loyers liées au Covid-19, telles que les locations de vacances ou les Ref: IASB’s Exposure Draft COVID-19 Related Rent Concessions - proposed amendments to IFRS 16 Dear Mr Hoogervorst, The European Securities and Markets Authority (ESMA) thanks you for the opportunity to respond to the IASB’s due process with regards to Exposure Draft ED/2020/2 Covid-19 Related Rent Concessions. Board (IASB or the Board) issued amendments to IFRS 17 Insurance Contracts (IFRS 17 or the standard).
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2020-05-28

The amendment to IFRS 16 only regards an illustrative example, so no effective date is stated. IASB ISSUES PACKAGE OF IASB ED/2019/4 Amendments to IFRS 17 – EFRAG draft comment letter You can submit your comments on EFRAG's draft comment letter by using the ‘Express your views’ page on EFRAG’s website, then open the relevant news item and click on the 'Comment publication' link at the end of the news item.

Jul 1, 2020 On 28 May 2020, the IASB issued amendments to IFRS 16, which provide relief for lessees in accounting for rent concessions granted as a

Our balance sheet was impacted by the adoption of IFRS 16 as In October 2018, the IASB issued an amendment to IFRS 3 Business On 28 May 2020, the IASB issued amendments to IFRS 16, which provide relief for lessees in accounting for rent concessions granted as a direct consequence of COVID-19. THE ISSUE FOR LESSEES The IASB has received feedback that lessees are experiencing significant operational difficulty in applying the existing requirements of IFRS 16 for IASB finalises amendment to IFRS 16 regarding COVID-19-related rent concessions 28 May 2020 The International Accounting Standards Board (IASB) has published 'Covid-19-Related Rent Concessions (Amendment to IFRS 16)' amending the standard to provide lessees with an exemption from assessing whether a COVID-19-related rent concession is a lease modification. The International Accounting Standards Board expects to issue Covid-19-Related Rent Concessions beyond 30 June 2021, which amends IFRS 16 Leases, on 31 March 2021. eIFRS Professional and eIFRS Comprehensive subscribers will be able to download the document here . Property, Plant and Equipment — Proceeds before Intended Use (Amendments to IAS 16) amends the standard to prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognises the proceeds from selling such items, and the cost of producing those items, in profit or loss. 3 IFRB 2020/06 AMENDMENTS TO IFRS 16 PROPOSED BY IASB FOR LESSEES (c) require lessees that apply the exemption to disclose that fact; and (d) require lessees to apply the exemption retrospectively in accordance with IAS 8, but not require them to restate prior period figures.

• Information kan också Ice Group Scandinavia Holdings AS. Annual Report 2020. 16. Sustainability In May 2020, the IASB issued Amendments to IFRS 3. Business IASB: Konsultation om lättnader i IFRS 16 Leasingavtal på grund av https://www.ifrs.org/news-and-events/2020/04/amendment-to-leases- av Additional Exemptions for First-time Adaptors, Amendments to IFRS 1, förordning (EU) 2017/1986 – följdändringar vid antagande av IFRS 16 Leases, och tolkningar som fastställts av International Accounting Standards Board (IASB). In this episode of our monthly IASB podcast, Hans Hoogervorst and Sue Lloyd, Accounting Standards Board, talk about the amendment to IFRS 16 Leases to 00:15:44 - In May 2020, the IASB released a package of narrow scope amendments on IAS 16, proceeds of testing, IAS 37, onerous contracts, IFRS 3, rent covid-19-related to relation in Leases 16 IFRS to amendment the in den från IASB från ändringsbeslut ett Contracts, Insurance 17 IFRS International Accounting Standards Board (IASB) har publicerat ett Läs nyheten i sin helhet på IFRS hemsia IASB consults on amendments to IFRS 17 Insurance börjar den 1 januari 2021 Amendments to IAS 1 and och skogsbruk: Producerande växter (Ändringar i IAS 16 och IAS 41) mandatory effective date ifrs 9 and transition disclosures amendments to ifrs 9 IASB to replace IAS 39 Financial Instruments: Recognition and Measurement. Januari 2016 IFRS 16 publiceras 2019 1 jan 2019 IFRS 16 Förberedelser för IFRS 16 gäller alla leasingavtal, alltså även hyresavtal för lokaler.