ABSTRACT

To improve the transparency of companies’ financial commitments the International Financial Reporting Standard (IFRS) 16 requires companies to report their leased corporate real estate (CRE) on their balance sheets from 1 January 2019. This paper reports Australian CRE balance sheet lease reporting ahead of IFRS 16. This is the first time this has been reported and is also a baseline to evaluate how it changes Australian CRE reporting. 2016 Annual Reports were content analysed to identify current practices with the selected period pre-dating any effects from the standard’s introduction. Detail was limited, other than recording lease expenses. To calculate possible effects of including leased CRE these expenses were capitalised as a proxy for the standard’s methods. Indicative upper and lower end capitalisation rates added between $127.7 billion and $397.0 billion to balance sheets equating to 2.5% and 7.7% (respectively) of the owned PP&E. This also represents an additional 178.6% to 555.2% of current real estate only values. The individual sectors varied but the smallest increase exceeded 100% and the largest increase exceeded 4,000%. This clarifies past assertions about the standard’s effects on CRE Management, but it is still unclear whether IFRS 16 changes tenure preferences towards ownership.

摘要

为提高公司财务承诺的透明度，国际财务报告准则（IFRS）16要求公司自2019年1月1日起在其资产负债表上报告其租赁的公司房地产（CRE）。本白皮书在报告之前报告了澳大利亚CRE资产负债表的租赁报告。IFRS 16。这是第一次被报道，也是评估它如何改变澳大利亚CRE报告的基准。对2016年年度报告的内容进行了分析，以找出在选定时期内由于该标准引入而产生的任何影响之前的当前实践。除了记录租赁费用外，详细信息受到限制。为了计算包括租赁的CRE的可能影响，将这些费用资本化为标准方法的替代。指示性上限和下限资本化率使资产负债表增加了1,277亿美元至3,970亿美元，分别占所拥有PP＆E的2.5％和7.7％。这也代表当前仅房地产价值的178.6％至555.2％。各个部门各不相同，但最小的增长超过100％，最大的增长超过4,000％。IFRS 16改变了所有权的优先权。