Alliance Trust

Disclosure of the impacts of IFRS 16 "Leases"

IFRS 16 “Leases” will fundamentally change accounting by lessees as it requires assets previously off balance sheet under operating lease arrangements to be brought on balance sheet as is currently the case for finance leased assets. As a result on application companies will recognise both additional assets and additional liabilities. Consequently there will also be knock on effects in the income statement as operating lease charges are replaced by a depreciation charge and a finance expense. This report analyses the financial statements of a range of companies to firstly establish whether there has been any early adoption and secondly to establish what companies are disclosing in respect of IFRS 16 and its future impacts.

Alliance Trust plc Monitor

Alliance Trust plc Annual Report 2014
CR Monitor Issue: 
Company covered: 
Alliance Trust plc
Period End: 
31 December, 2014
Report issued on 22 January 2016 covered the following practice issues:
Investment entities exemption reduces scope of consolidation.