IFRS 16 FOR RESTAURANTS

摘要

IFRS 16 Leases, the International Accounting Standards Board's (IASB) new standard on lease accounting, will have a significant impact for companies in the restaurant and fast food sector. These companies frequently have a substantial leased real estate portfolio reflecting multiple outlets and the use of franchise and concession arrangements. Those companies with high volumes of today's operating leases, longer leases and arrangements which contain renewal, break or purchase options, are likely to see the most significant financial impacts, as well as experiencing greater complexity in application.