With AASB16, even though you recognise a liability at the start of the lease you should also recognise and asset so the two net off with each other ie no net effect. Of course if you don’t believe the future remaining value of the lease is an asset ie surplus space you no longer use then the accountants write off the asset value at that point and are left with just the liability ie the future committed lease payments.
What AASb16 does is gives a fairer picture of future lease payments, after all in companies like Myer they have very large commitments.
It is my understanding with VRS there is no effect on the profit numbers by the application of this standard nor Any net effect on the balance sheet ie assets will have increased and so will have liabilities.
- Forums
- ASX - By Stock
- VRS
- Ann: Veris 1H FY20 Results Presentation
Ann: Veris 1H FY20 Results Presentation, page-6
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VRS (ASX) to my watchlist
|
|||||
Last
4.6¢ |
Change
0.002(4.55%) |
Mkt cap ! $23.42M |
Open | High | Low | Value | Volume |
4.5¢ | 4.6¢ | 4.4¢ | $13.53K | 307.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 92675 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 92675 | 0.043 |
3 | 826190 | 0.042 |
1 | 72500 | 0.041 |
1 | 110024 | 0.040 |
1 | 75000 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 100000 | 1 |
0.051 | 68456 | 2 |
0.055 | 150000 | 1 |
0.062 | 100000 | 1 |
0.072 | 29627 | 1 |
Last trade - 15.56pm 16/08/2024 (20 minute delay) ? |
Featured News
VRS (ASX) Chart |