top of page
  • Writer's pictureThomas Tsang

FRS116 Lease

It is effective from 1 Jan 2019 for lease with initial period more than 12 months and not low value item. It has to take into account of option to renew.


Transition application - for remaining lease with less than 12 months from initial application, that is from 1 Jan 2019, can choose not to apply FRS116.

7 views0 comments

Recent Posts

See All

Impairment test under US GAAP

Under US GAAP, the carrying amount of the assets is compared to the undiscounted future cash flow of the assets generated. If the amount of undiscounted cash flow is highr than carrying amount, no im

Discount on enterprise value

When apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x (1-DLOM) x (1-DLOC). But apply the discount on Equity value would lowe

Equity instrument

In accordance with SFRS109, investment in equity instruments must be subsequently measured at fair value. In limited circumstances, cost represents the best estimate when recent information not avail

bottom of page