ATHLON’S IFRS 16 SOLUTION
Athlon is ready to support you in becoming IFRS 16 compliant. We have set up a monthly data delivery process that will provide you with the necessary data for all your active leases with Athlon starting from January 2018, enabling you to prepare the required IFRS 16 calculations.
As of January 2018 you will able to gain access to a specific IFRS 16 report on our online portal. In this way, Athlon will help you to meet your IFRS 16 financial reporting obligations.
WHAT IS CHANGING?
The new lease accounting standard IFRS 16 “Leases” will become applicable for all customers reporting under IFRS as of January 1st 2019. Under this new standard all your leases will have to be “capitalized”, meaning they will have to be reported on your Balance Sheet, which may have significant impact on your financial reporting.
If you have any questions about IFRS 16 or our solution please contact your local Athlon account manager.Back to overview