Question
A company with leases reported according to the operating lease method in 2018. In 2019, an analyst wants to adjust the 2018 numbers so that
A company with leases reported according to the operating lease method in 2018. In 2019, an analyst wants to adjust the 2018 numbers so that they become comparable with future IFRS16 numbers, where leases are capitalized. The following information is found in the notes to the 2018 financial statement: Rental commitments within one year: 8286, Rental commitments in two to five years: 29257, Rental commitments over five years: 5000, Interest rate for leases: 3.0%, and Statutory tax rate: 20%. What would the 2018 lease asset value be on the balance sheet, if the company had applied IFRS16?
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