Are you preparing for IFRS 16 Leases? If your company is leasing forklifts and you want to know what you will need to start reporting on your balance sheet after the new regulations come into effect, then our online calculator can help you. By entering information about your lease contracts, the calculator will give you estimates of the figures you need, such as the asset value, total interest you will pay, and the total service expense over the length of your contract. Start entering your lease details to see how it works.
Note: This calculator uses approximate figures based on industry averages for service and your own estimated borrowing rate, and provides an estimate of the asset value, total interest and total service cost over the course of your leasing agreement required by IFRS 16. While it can help with your preparation for IFRS 16 Leases, it should not be used as a substitute for professional financial advice.