Our updated IFRS 16 implementation guide pulls together various sources of guidance and includes a timetable with milestones for IFRS 16 implementation. It also provides further details of individual tasks and national exercises that will support implementation of the Standard.
This Powerpoint IFRS 16 Implementation Slide Deck from DHSC is a training slide deck that explains principles of the IFRS 16 and how accounting for leases changes under the new standard. It has been developed with finance and operational/commercial users in mind, to help colleagues assess the impact of IFRS 16 on accounting, budgeting and operations.
DHSC example lease register
This example lease register from DHSC is for recording of leases from the perspective of a lessee. This example register may be useful to entities that are considering what level of data is required to be collected to inform the accounting and budgeting entries for each lease, or have not yet developed a lease register or finalised a systems approach. It is shared for information purposes and does not form part of a mandatory data collection requirement.
DHSC lease accounting tool – updated December 2021
This DHSC lease accounting tool is a spreadsheet tool developed by DHSC which helps to calculate and summarise liability and asset values under IFRS 16 for each lease entered in the tool. It is optional for use.
Please read the guidance in the workbook – some limitations of the tool are explained as tips with yellow stars.
Users may wish to avoid re-using the lease numbers that now contain worked examples as some of the formulas on the detail calculation sheets have been overwritten to reflect subsequent remeasurements in those examples.
If the tool is used for existing operating leases transitioning on 1 April 2022, please enter the start date for the lease term as 1 April 2022 and do not enter a rate implicit in the lease as the the HM Treasury incremental borrowing rate should be used for all previous operating leases on transition.
Further update 16 December: The HM Treasury incremental borrowing rate has been updated to 0.95%, as confirmed by HMT in December 2021.
DHSC worked example spreadsheets
DHSC has developed a series of worked examples that illustrate the calculation of lease accounting entries and the impact on accounts in each scenario.