Journal article
Australian corporate real estate lease reporting ahead of IFRS 16
Christopher Heywood
Pacific Rim Property Research Journal | Taylor and Francis | Published : 2020
Abstract
To improve the transparency of companies’ financial commitments the International Financial Reporting Standard (IFRS) 16 requires companies to report their leased corporate real estate (CRE) on their balance sheets from 1 January 2019. This paper reports Australian CRE balance sheet lease reporting ahead of IFRS 16. This is the first time this has been reported and is also a baseline to evaluate how it changes Australian CRE reporting. 2016 Annual Reports were content analysed to identify current practices with the selected period pre-dating any effects from the standard’s introduction. Detail was limited, other than recording lease expenses. To calculate possible effects of including leased..
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Funding Acknowledgements
The author acknowledges the following contributions to this research: Zhixuan Jenny Yang for the idea of again studying CRE on balance sheets, Xiaoxi Cecelia Xu for taking up my suggestion for a minor thesis project and later working as a research assistant, Georgia Warren-Myers for a helpful discussion on discount rates, and the University of Melbourne for its research support.