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.

Laird plc Interims Monitor

Interim Financial Report
CR Interim Monitor Issue: 
Period End: 
30 June 2015
Listing Status: 
FTSE Mid 250
ICB Industry Classification: 
9578 Telecommunications Equipment
Ernst & Young
Revised fair value hierarchy distinctions cited.

Laird plc

Laird plc Annual Report 2011
CR Monitor Issue: 
Company covered: 
Laird plc
Period End: 
31 December 2011
Report issued on 10 August 2012 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Handset Antennae business reported as discontinued business.
Impairments and restructuring costs of discontinued businesses separately identified in exceptional items note.
Revenue disclosed by segment on face of income statement.