Mining: IFRS 16: Affected contract types | KPMG | CA
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Mining: IFRS 16: Transition plan

Mining: IFRS 16: Transition plan

Affected contract types

IFRS 16 requires that most leases are recorded on balance sheet. Contracts affected by the change may include:

  • Service contracts that include use of assets
  • Shipping/transport contracts
  • Mining services/construction contacts
  • Rental contracts
  • Mine camp arrangements
  • Power supply contracts

Read the full KPMG in Mining: Practical Application Guidance report for more information.