19 June 2020 | Updated 24 May 2021

IFRS 16 COVID-19 Related Rent Concessions Amendment

As a result of the coronavirus (COVID-19) pandemic, rent concessions have been granted to lessees. Such concessions might take a variety of forms, including payment holidays and deferral of lease payments. On 28 May 2020, the IASB published an amendment to IFRS 16 that provides an optional practical expedient for lessees from assessing whether a rent concession related to COVID-19 is a lease modification.

PwC IFRS Talks Episode 81: IFRS 16 impact on IAS 36

​Ruth Preedy (PwC UK) and Iain Selfridge (PwC UK) look at the impact IFRS 16, leases has on IAS 36, impairment. How do you compare like with like in the impairment model, now most leases are on the balance sheet? For further guidance also see the PwC in depth ​​​​​​here​​​​.​​​​​​ ​​​​​​Listen to our podcast​ ​​​​ for further details.​​​​

07 May 2019

IFRS 16 implications for lessors in the real estate industry

IFRS 16 implications for lessors in the real estate industry (April 2019 update) Note: This publication was updated in April 2019 to include further guidance in the areas covered, most notably in relation to accounting for ground leases. IFRS 16, 'Le

21 November 2018

IFRS 16 – A new era of lease accounting: PwC In depth INT2016-01

In January 2016 the International Accounting Standards Board (IASB) issued IFRS 16, 'Leases', and thereby started a new era of lease accounting - at least for lessees. Whereas, under the previous guidance in IAS 17, 'Leases', a lessee had to make a d