Effekter på nyckeltal i samband med implementeringen av IFRS 16
Sammanfattning: Background and problem discussion: The previous leasing standard IAS 17 met criticismsince lessees have been able to classify their leases as either operational or financial. Thisoption reduced the comparability for the users of the financial reports, which increased therisk of misinterpreting the financial information. The main reason for this was that theclassification of operational leases allowed the lessees to withhold those leases from thebalance sheet. Further on, this led to the implementation of a new leasing standard calledIFRS 16, where all leases shall be reported as “right-of-use assets” in the balance sheetstarting from January 1st 2019.Purpose: The purpose of this study is to identify how the implementation of IFRS 16 hasaffected key ratios within sectors depending on their leasing intensity.Delimitation: The companies who are analyzed in this study includes all listed Europeancompanies between the fiscal years of 2018 and 2019. Furthermore the study is limited toanalyze the key ratios solidity, leverage, EBITDA margin, ROE and ROA.Method: A quantitative method was used for this study. The data collection is based on dataretrieved from S&P Capital IQ, where the data selection includes all listed companies withinEurope. This data has been analyzed through Wilcoxon signed rank test, t-test and aregression analysis to prove a connection between the changes in the ratios and theimplementation of IFRS 16.Result and conclusion: The result showed a significant effect between the changes insolidity, leverage and ROA for “high lease” sectors, while no significance was found on theremaining key ratios. However, the study did not find a connection between the effects andthe implementation of IFRS 16.Future research: To investigate whether leasing generally has been reduced following theimplementation of IFRS 16 since the previous accounting advantages related to leasing are nolonger existing.
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