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How IFRS 16 impacts the transportation & logistics industry
It is common for entities within the transportation & logistics sector to lease a substantial number of big-ticket assets that will be impacted by the new standard, such as: ships, trains and freight, aeroplanes, real-estate, material handling equipment etc.
Under the IFRS 16 standard, many of these assets and liabilities need to be brought onto a lessee’s balance sheet. This PDF will provide you with information about the implications of the IFRS 16 changes for the transportation & logistics industry. It will answer all your questions related to:
- Main changes
- Definition of a lease
- The impacts on the transportation & logistics industry
- Industry examples
