Insights into IFRS 16 – Presentation and disclosure

The Grant Thornton International IFRS team has published Insights into IFRS 16 – Presentation and disclosure.

This bulletin identifies the presentation and disclosure requirements and provides examples of note disclosures.

IFRS 16 requires lessees and lessors to provide information about leasing activities within their financial statements. The Standard explains how this information should be presented on the face of the statements and what disclosures are required.

When it comes to the notes, the Standard tends to focus on the details of the information to be provided, leaving it to preparers to decide on the most meaningful way to present it.

This bulletin identifies the requirements and provides a series of examples illustrating one possible way the note disclosures might be presented.