PPRuNe Forums - View Single Post - Hrdlicka gone?
Thread: Hrdlicka gone?
View Single Post
Old 25th Dec 2017, 11:00
  #38 (permalink)  
Engineer_aus
 
Join Date: Apr 2008
Location: Australia
Posts: 343
Likes: 0
Received 0 Likes on 0 Posts
IFRS19 comes into effect on 01/01/19. It is a new financial requirement that eliminates most rentals and leases from off balance sheet accounting. This will impact on companies credit ratings, borrowing costs and over gearing. I am confident there may be some major issues for the Qantas Group if the rumours about their accounting practices are true.
So that is why all these JQ A320's are coming off lease and being purchased by QF (Just have to look at the weekly CASA registration reports)
Engineer_aus is offline