EFRAG Endorsement Status Report - Update

​The European Union has published a Commission Regulation endorsing Lease Liability in a Sale and Leaseback (Amendments to IFRS 16).

The objective of the Amendments is to specify how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 Revenue from Contracts with Customers to be accounted for as a sale. The Amendments become effective for annual periods beginning on or after 1 January 2024, with earlier application permitted.

Link to the publication in the Official Journal of the European Union: here.

The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.