Australian (ASX) Stock Market Forum

New Accounting Rules for Company Balance Sheets

30 May 2017
Reaction score
What do others think of the new Accounting rules for the company reporting ?

It is to do specifically with the balance sheet reporting as far as rent costs are concerned. Does it make a difference in terms of identifying a company's property leasing/rent costs or is it just adding more numbers/complexity without adding any value ?

Below is an example of a recent balance sheet that shows the transition. Previously all those fields were not reported which has a "-" in the field. Now they split it into "Lease liabilities" and "Right of Use" for those, which is put into 'Asset' side of the balance sheet: