《国际财务报告准则第号 —— 租赁》将如何影响房地产业？.docxVIP

Real estate leases How will IFRS 16 impact real estate entities? May 2016 Contents Overview 2 1. Key considerations 3 1.1 Scope and scope exclusions 3 1.2 Definition of a lease 3 1.3 Identifying and separating lease and non-lease components and allocating contract consideration 4 2. Lease classification 8 3. Landlord accounting 8 3.1 Subleases – intermediate landlord accounting 8 4. Tenant accounting 9 4.1 Initial recognition 9 4.2 Subsequent measurement 9 4.3 Short-term leases recognition exemption 9 5. Other considerations 10 5.1 Initial direct costs 10 5.2 Sale and leaseback transactions 10 5.3 Variable lease payments 11 5.4 Lease modifications 11 6. Business considerations and implications 12 Next steps 13 Appendix: Effect of application of IFRS 16 on tenant financial statements 14 Highlights ? ? ? ? ?  The IASB has issued a new leases standard that requires tenants to recognise most rental contracts on their balance sheets. Tenants will apply a single accounting model for all rental contracts (with an exemption for short-term leases). Landlord accounting is substantially unchanged and the IAS 17 classification principle has been carried over to IFRS 16. Tenants that measure investment property at fair value will also measure leased investment property at fair value. The new standard is effective for annual periods beginning on or after 1 January 2019, with limited early application permitted. 1 May 2016 How will IFRS 16 impact real estate entities? IFRS 16 could have far reaching consequences for real estate entities’ businesses.  Overview Real estate entities will need to change certain lease accounting practices when implementing the new leases standard, IFRS 16 Leases, issued by the International Accounting Standards Board (IASB). IFRS 16 significantly changes the accounting for lessees that are real estate tenants, requiring them to recognise most leases (i.e., rental contracts) on their balance sheets as lease liabilities with corresponding right-of-use