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The changes will obviously impact on the financial indicators lessees (especially debt ratios), as well as credit ratings and kowenanty, and thus the evaluation of companies by investors. SEC (the capital market regulator in the U.S.) has estimated that public companies in the United States show the result of changes in accounting regulations about 1.3 trillion additional debt (not yet attempted no reliable estimate, if the debt will WSE Listed Companies) . It is true that lease payments were no longer operational costs and improve the EBITDA (operating profit plus depreciation), lessees, but the net result of the load during the initial lease period will be relatively higher than the current operating lease (depreciation charged against him the right to use and costs determined by the effective interest rate).
The need to include any lease in the balance sheet is not the end of fundamental changes. The proposals introduce a requirement to carry out estimates of the future lease payments and the lease term. In practice, in the case of more complex transactions, such as containing options for renewal or contingent payments, such estimates are difficult and can introduce a large variability in the displayed financial situation and financial results. The current solution is simpler - based on the so-called. minimum leasing fees and irrevocable over the lease term.
A novelty will also exclude from the scope of the standard contract, which at the end of the lease provide for the transfer of ownership to the lessee object, either automatically or at a bargain price. Such agreements shall be treated as a sale credited and will not be settled in accordance with the provisions of the proposed standard. It is worth noting that in Poland the majority of contracts, such as car leasing, contains such records. Amendments to IFRS can obviously affect the business decisions of lessees. This may reduce the propensity to enter into lease agreements, you can also expect a tendency to shorten the periods for which they concluded an agreement (contract ten means that the diagnosis much higher than the five-year commitment). The new rules will apply only if the companies reporting in accordance with International Financial Reporting Standards Financial, so first of all listed companies.