The Material Handling Blog

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IFRS 16 Leases, and what it means for the material handling industry

Written by Ian McNaught, 2017-01-20

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On 1 January 2019, IFRS 16 Leases will come into effect, and it's going to have a big impact on the material handling industry. 

IFRS stands for the International Financial Reporting Standards. They are a set of accountancy guidelines which affect how a company's financial figures are reported. They've been adopted across most of the world, since they make it much easier to financially compare companies from different countries.

But an upcoming update, called IFRS 16 Leases, will affect how truck leases are classified - and the change could make your debt ratio appear higher, even if nothing has changed in your company.

We've explained this upcoming change in a free presentation. If your company leases trucks, and you want to know:

  • How IFRS 16 Leases will affect you...
  • Why the changes are being made...
  • How you can prepare...

...You can click the button below to download it, in PDF or PowerPoint format.
Get my free presentationRemember to let us know in the comments if you find it useful. Happy accounting!

Topics: Fleet optimisation Guides Finance

Ian McNaught

Group Controller – Leasing, Internal Control & JSOX

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