Deloitte comment letter on tentative agenda decision on IFRS 16 — Definition of a lease — Shipping contract

Published on: 25 Nov, 2019

We have commented on the IFRS In­ter­pre­ta­tions Committee's pub­li­ca­tion in the September 2019 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on whether in the specific fact pattern presented the customer has the right to direct the use of a ship throughout the five-year term of a particular contract.

We agree with the IFRS In­ter­pre­ta­tions Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision and suggest some editorial changes.

Download the full comment letter below.


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