Reduce Real Estate Costs: Use IFRS16 to Your Advantage!

Reduce Real Estate Costs: Use IFRS16 to Your Advantage!


September 2018

The accounting rule book that has framed leasing negotiations for 15 years will be ripped up as the IFRS16 lease accounting regulations come into effect on 1 January 2019. Gone will be the constraints that precluded buy-back options as well as the exclusion of specialised property. This session will explore how some corporates have already applied the new standards to re-gear their leases and consequently have achieved beneficial outcomes which includes a reduction of occupancy costs by 35%, and new office leases at levels 40% below market rent.

Keywords: IFRS16, lease accounting, Madrid2018


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