Post implementation review: IFRS 16 Leases - Preparer Feedback Form

PIR IFRS 16: Introduction

Thank you for participating in this survey on the post-implementation review of NZ IFRS 16 Leases. Your feedback will help inform the XRB’s response to the IASB and ensure that any future amendments address the needs of New Zealand entities. 

Demographic questions
Role
Tier
Question 1
How would you describe the ongoing costs of complying with NZ IFRS 16?
Does your entity use lease accounting software to support NZ IFRS 16 compliance?
Has the software reduced the costs and complexity of compliance?
Are there any significant manual processes that remain?
Please indicate the main sources of ongoing costs (select all that apply)
Question 2
Which discount rate method does your entity primarily use for lease accounting?
If you do not use IRIL, what are the main reasons? (select all that apply)
Does your entity disclose the specific discount rate(s) used in your financial statements?
Does your entity have leases with terms of 50 years or more?
Do you consider the current requirements for long-term leases to be fit for purpose?
How would you describe the level of detail your entity provides in lease-related disclosures?
What factors influence your decisions about the level of lease disclosure? (select all that apply)
Do you believe the current disclosure requirements support comparability and transparency?
Are you aware of users (e.g., investors, analysts, lenders) adjusting your reported figures to remove the effects of NZ IFRS 16?
Consultations