We comment on an IFRS Interpretations Committee tentative agenda decision

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07 Feb 2023

We have published our comment letter on an IFRS Interpretations Committee tentative agenda decisions related to IFRS 16, as published in the November 2022 'IFRIC Update'.

In November 2022, the IFRS Interpretations Committee came to the conclusion not to take onto the Committee’s agenda a request about how to assess whether a contract contains a lease.

While we agree with the decision as regards the first issue (the level at which to evaluate whether a contract contains a lease), we have concerns regarding the second issue (how to assess whether a contract contains a lease when the supplier has particular substitution rights).

Please click to download our full comment letter here.

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