So, it's finally here - on 1st January, IFRS 16 Leases came into effect in Europe and beyond. However, in the materials handling industry, where forklift leasing is common, there's still some uncertainty about what the new regulations mean, and how financial reporting will change.
IFRS 16 Leases is approaching fast, and if you lease forklift trucks in your business, the way you report your finances will have to change after the deadline on 1 January 2019.
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