Moving on from EBITDA/I, I noticed than most companies when adopting IFRS16, simply threw their hands in the air, and told us they would not try to restate profits from previous periods. They would then go on to make various 'one off ' adjustments to their balance sheets, without fully explaining the reasoning behind that, and then carry on as though IFRS16 had always existed. However, there was one prominent listed NZX company that did not do this - Spark. Spark went to the trouble of rewriting their FY2018 and FY2017 results to show the impact of IFRS16 (and also IFRS15 on realigning income and expenses to the appropriate time period) on their income statements of those two years.
https://investors.sparknz.co.nz/Down...204/291769.pdf
It is useful to have a fully worked actual example of the implementation of the IFRS16 rules such as this.
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