IFRS 16 impact on the transport and logistics industry
Download now: How IFRS 16 impacts the transportation and logistics industry
It is common for entities within the transportation and 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 guide 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