Update 3 on Fieldwork Research Results

Update 3 on Fieldwork results of Research deals with the effects of the ‘Front-loading of costs’.

The conclusion that can be drawn is that the calculation model to be used in accordance with the IFRS 16 standard leads to different outcomes, which are not company-specific. The comparison of essentially the same leases, when started at different times with other (market) interest rates, also irrevocably leads to different outcomes.

Will analysts and other users sufficiently understand why there are differences or will companies be forced to straighten the curve in infinite explanations?

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