The IFRS 16 group report shall simplify IFRS 16 reporting and analysis. The report displays YTD (Year to Day) accrued IFRS 16 entries per legal entity in the group; and it will convert everything into a consolidated estimate in the preferred presentation currency.
Note!
This is not a consolidated report, but rather an estimate.
Currency
The Currency sheet is the first sheet in the report. Here there are two tables: One with the Monthly closing rates and one with the Monthly average rates. The closing rates are used to convert the balance sheet figures, and the average rates are used for the conversion of earnings. All conversions in the report are based on these currency rates. A change here would therefore affect the other figures in the report.
Note that any conversion discrepancies for equity are an effect from translating a company’s accounting currency to the group’s presentation currency. Profits and losses on the currency in P&L come from translating the contract currency to accounting currency.
Company sheets
All companies with accounting settings will get their own sheet in the report. The orange column contains accrued YTD-entries in both Balance sheet and Profit and Loss in accounting currency. By clicking "+" on top of the column, the column is expanded and displays YTD per month in accounting currency. Also, the lines can be expanded so that YTD per contract category is displayed. This will also display the account no. if assigned in the accounting settings.
Everything is converted into presentation currency as displayed in the green column. The violet column displays last year’s final amount. The exchange rates that have been applied are displayed above the figures. The last column displays changes between last year and YTD.
At the bottom, there is the IFRS 16 report in accounting currency for this company – just like in Complete Control.
Totals – Consolidated estimate
The sheet "Totals – Consolidated estimate" displays the total sum of all converted amounts from the company sheets. The color codes are the same as on the other sheets; but there is no possibility to expand the columns.
In general, one can see that lease expenses are not included in this report. The reason for this is that IFRS 16 reporting does not include lease payments, but rather includes earning effects from the interest element on the entered liabilities and from depreciations. If the companies has rental expenses, the report accrues the payments on the account “Bank/interim (lease payments)” and the company must take care of this in own accounting.