21/11/2023 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) is now reflected in the Endorsement Status Report. The updated EFRAG Endorsement Status Report can be found here.
The European Union has published a Commission Regulation endorsing Lease Liability in a Sale and Leaseback (Amendments to IFRS 16).
The objective of the Amendments is to specify how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 Revenue from Contracts with Customers to be accounted for as a sale. The Amendments become effective for annual periods beginning on or after 1 January 2024, with earlier application permitted.
Link to the publication in the Official Journal of the European Union: here.
The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.
