IFRS 16 means the “International Financial Reporting Standard 16 – Leases” issued by the International Accounting Standards Board, sets out the principles for the recognition, measurement, presentation and disclosure of leases.
IFRS 16 means the International Financial Reporting Standard 16 issued by the International Accounting Standards Board, sets out the principles for the recognition, measurement, presentation and disclosure of leases
IFRS 16 means IFRS 16, Leases;
Examples of IFRS 16 in a sentence
On the basis of the acquisition of right-of-use asset under the Tenancy Agreement, the amount recognised by the Group pursuant to IFRS 16 is approximately RMB29.7 million.
Pursuant to IFRS 16, the entering into of the Tenancy Agreement as a tenant will require the Group to recognise the Property as a right-of-use asset.
More Definitions of IFRS 16
IFRS 16 means the International Financial Reporting Standard 16: Leases.
IFRS 16 means the accounting standard promulgated by the International Accounting Standards Board which provides guidance on accounting for leases, which, with respect to the Borrower, will come into effect on September 1, 2019.
IFRS 16 means the “International Financial Reporting Standard 16 – Leases” issued by the International Accounting Standards Board, sets out the principles for the recognition, measurement, presentation and disclosure of leases. “Landlord” means Yichun Hong Lin Hotel Co., Ltd.*（宜春紅林酒店有限公司）, a company established in the PRC.
IFRS 16 means International Financial Reporting Standards (IFRS) 16, Leases, as promulgated by the International Accounting Standards Board (or any successor standard), as may be modified by the International Accounting Standards Board from time to time.
IFRS 16 means International Financial Reporting Standard 16 Leases as issued by the International Accounting Standards Board in January 2016 to replace IAS 17 and effective from January 1, 2019, as amended or superseded from time to time.
IFRS 16 means the International Financial Reporting Standard 16 issued
IFRS 16. B9] An asset is typically identified by being explicitly specified in a contract, but an asset can also be identified by being implicitly specified at the time it is made available for use by the customer. However, where a supplier has a substantive right of substitution throughout the period of use, a customer does not have a right to use an identified asset. A supplier’s right of substitution is only considered substantive if the supplier has both the practical ability to substitute alternative assets throughout the period of use and they would economically benefit from substitution.