One of the most frequently asked questions about IFRS 16 Leases is how should the transition to the new leasing standard be disclosed in financial statements? Attached is guidance that provides some insight into answering that question.

As always, if you have any questions about the application of this standard, please do not hesitate to contact in the first instance, either any partner within the New Zealand firm or our National Technical Director, Mark Hucklesby who can be contacted at