Implementation of IFRS 16 Leases, HKScan Corporations’s restatement for 2018
HKScan Corporation Stock Exchange Release 3 May 2019 11:30 (EEST)Implementation of IFRS 16 Leases, HKScan Corporations’s restatement for 2018 As of 1 January 2019, HKScan has adopted the new IFRS 16 Leases standard using the full retrospective method. According to IFRS 16 lessee is required to recognise assets and liabilities for all leases and depreciation of lease assets separately from interest on lease liabilities in the income statement. The Group elected to use the recognition exemptions for short-term leases and low-value assets. Quarterly and full-