[IAS 16.55]. [IAS 16.3], The cost model in IAS 16 also applies to investment property accounted for using the cost model under IAS 40 Investment Property. Deze wijzigingen zijn mogelijk ook van invloed op bankconvenanten, credit ratings en financieringskosten en resulteren in andere gedragsveranderingen. IASB amendment (2014) includes bearer plants. This PwC IFRS technical update webcast covers IBOR reform Phase 2 amendments, other IASB and IFRIC developments and disclosure reminders. or leasing as a means to obtain access to assets and will therefore be affected by the new standard. PwC’s Academy is a learning and education service offering of PwC India. Learn more at http://www.pwc.com/ifrs16This is the third video in a series on the key issues in implementing the new leases standard IFRS 16. PwC observation: IAS 19 currently requires unvested past-service costs to be recognised on a straight-line basis over the future service period until the benefits become vested; vested past-service costs are recognised immediately. De nieuwe lease-standaard heeft grote gevolgen voor organisaties die leasen. IFRS 16 was issued by the International Accounting Standards Board (IASB) and thereby starting a new era of lease accounting. The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. De gevolgen voor organisaties die huren zijn groot en de nieuwe regels hebben impact op financiële ratio’s en prestatiecijfers, werknemers, beleid, processen en systemen. [IAS 16.16-17], Proceeds from selling items produced while bringing an item of property, plant and equipment to the location and condition necessary for it to be capable of operating in the manner intended by management are not deducted from the cost of the item of property, plant and equipment but recognised in profit or loss. De nieuwe standaard beïnvloedt vrijwel alle gangbare financiële ratio's en prestatiecijfers, zoals solvabiliteit, current ratio, EBIT, bedrijfswinst, nettowinst, EPS, ROCE, ROE en operationele kasstromen. IAS 16 does not prescribe the unit of measure for recognition – what constitutes an item of property, plant, and equipment. IFRS 16 contains a lease so that entities are not required to incur the costs of detailed reassessments. Als gevolg van deze nieuwe standaard moeten alle lease- en huurverplichtingen (zoals huurcontracten met betrekking tot vastgoed) met ingang van 1 januari 2019 op de balans komen in de commerciële IFRS jaarrekening van de lessee/huurder. [IAS 16.56]. review IAS 16 standard's disclosure requirements. The Committee discussed various topics related to IAS 16. [IAS 16.3], Items of property, plant, and equipment should be recognised as assets when it is probable that: [IAS 16.7]. This would include not only its original purchase price but also costs of site preparation, delivery and handling, installation, related professional fees for architects and engineers, and the estimated cost of dismantling and removing the asset and restoring the site (see IAS 37 Provisions, Contingent Liabilities and Contingent Assets). [IAS 16.13], Also, continued operation of an item of property, plant, and equipment (for example, an aircraft) may require regular major inspections for faults regardless of whether parts of the item are replaced. IAS 16 was reissued in December 2003 and applies to annual periods beginning on or after 1 January 2005. The prin­cipal issues are the re­cog­ni­tion of assets, the de­term­in­a­tion of their car­ry­ing amounts, and the de­pre­ci­ation charges and impair­ment losses to be re­cog­nised in re­la­tion to them. [IAS 16.39], A decrease arising as a result of a revaluation should be recognised as an expense to the extent that it exceeds any amount previously credited to the revaluation surplus relating to the same asset. it is probable that the future economic benefits associated with the asset will flow to the entity, and. Revalued assets are depreciated in the same way as under the cost model (see below). 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