毕马威-租赁——确定折现率（英文版）.pdfVIP

Leases Discount rates What’s the correct rate? IFRS 16 September 2017 /ifrs Determining the correct rate IFRS 16 Leases requires lessees to bring most leases onto the balance sheet. The new assets and liabilities are initially measured at the present value of the lease payments. But discounted at what rate? This question will be at the heart of many transition projects particularly for lessees. The discount rate affects the amount of the lessee’s lease liabilities – and a host of key financial ratios. The new standard brings forward definitions of discount rates from the current leases standard. But applying these old definitions in the new world of on-balance sheet lease accounting will be tough, especially for lessees. They now need to determine discount rates for most leases previously classified as operating leases. Determining the appropriate discount rate will be particularly demanding at transition. Identifying appropriate discount rates and documenting the basis for these determinations will be a major task – particularly for a company brave enough to adopt the new standard retrospectively. This publication provides an overview of how to determine the appropriate discount rate and how this will affect your financial statements. We hope it will help you as you prepare to adopt the new standard. Kimber Bascom Ramon Jubels Sylvie Leger Brian O’Donovan KPMG’s global IFRS leases leadership team KPMG International Standards Group © 2017 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved. 2 | Leases Discount rates 1 At a glance Determining the appropriate discount rate is a key area of judgement. 1.1 Key facts Lessors IFRS 16.63(d), 68