Film, Television and Digital Games Survey- AASB 16

Survey Participant Information

AASB 16 Guidance

This page provides guidance on how changes to accounting standard AASB 16 that may affect your responses to the Film, Television and Digital Games Survey.

The Australian Accounting Standards Board (AASB) develops, issues and maintains Australian Accounting Standards, including Interpretations. 
AASB 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. The guidance below is for general information only. Please refer to the AASB 16 Leases standard for definitive accounting treatments.

When did the AASB 16 change apply?

How should the income and expenses questions be answered?

Reporting income?

Reporting expenses?

How should I report my operating lease expenses?

How should I report my right-of-use assets which were previously off-balance sheet?

Where do I report outgoings related to my leases?

Is labour hire included in Rent, leasing and hiring expenses?

Embedded leases?

How should I report a lease with less than twelve months left on the contract?

Other Exclusions?


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