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.

CNH Industrial N.V Monitor

CNH Industrial N.V Annual Report 2016
CR Monitor Issue: 
Company covered: 
CNH Industrial N.V
Period End: 
31 December, 2016
Report issued on 04 April 2017 covered the following practice issues:
Financing cash flows from issue and redemption of medium term borrowings presented on a net basis.
Carrying value and fair value of securitised receivables restated without explanation.
Restatement of number of stock options exercised in the comparative period.

Financial instruments - CNH Industrial N.V.

Period End: 
31 December, 2016
Period End Date: 
Listing Status: 
S&P Europe 350
ICB Industry Classification: 
2727 Diversified Industrials
Ernst & Young