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Survey on the impact of the forthcoming new IFRS on leases on financial covenants in loan agreements

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

22 Jul 2015

EFRAG, the IASB and the National Standard Setters of France, Germany, Italy, Lithuania, and the UK invite companies to participate in a public survey on impact of the forthcoming new IFRS on Leases on financial covenants in loan agreements.

The objective the survey is

  • to assess the possible impact of the new IFRS on leases on lenders' business practices,
  • to increase the awareness of the effects of the new IFRS on financial covenants, and
  • to better understand the extent to which covenants are based on figures reported in accordance with IFRS.

More information, a link to the survey, and a list of contacts in the different countries are available in the press release on the EFRAG website. Participants are requested to answer the survey questions and submit their replies not later than 30 September 2015.

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