How IFRS 16 impacts the mining and materials industry
It is common for entities within the mining and materials sector to lease a substantial number of big-ticket assets that are impacted by IFRS 16, such as: excavators, conveyor equipment, underground crushers, storage warehouses, material handling equipment and trucks.
Under the IFRS 16 standard, many of these assets and liabilities need to be brought onto a lessee’s balance sheet. This whitepaper will provide you with information about the implications of IFRS 16 for the mining and materials industry. It will answer all your questions related to:
- Main changes
- Definition of a lease
- The impacts on the mining and materials industry
- Industry examples
