IFRS 16 - what treasurers need to know about leasing


Under the new accounting standard IFRS 16, all major lease arrangements must be recognised on the balance sheet of the lessee, ending the division into ‘finance leases’ and ‘operating leases’.

The changes coming with IFRS 16 will affect one in two quoted companies globally and force them to put an estimated $3tn of leasing obligations on to their balance sheets, according to the IASB.

In this webinar, host Michelle Price from the ACT spoke to Henry Wilson (BP) and Matthew Stone (M&G Real Estate) to discuss the impact of the new the impact of the new leasing rules on corporate treasures.

If you have any questions about this webinar, please email events@treasurers.org.


Facilitator: Michelle Price, Associate Policy & Technical Director, ACT

Price_MichelleMichelle joined the ACT Policy & Technical team after 14 years in corporate treasury consulting at Deloitte. During this time she advised both large and small companies on a wide range of treasury areas including treasury restructuring, development of FX policies, management reporting and operational risk. Prior to joining Deloitte she worked in a number of large investment banks, including J.P. Morgan, SBC Warburg and Chase Manhattan. Michelle qualified as a Chartered Accountant with Arthur Andersen in Australia and is an associate member of the ACT.

Matthew Stone, Head of Long Income Real Estate, M&G Real Estate

Matthew StoneMatthew oversees and manages the long income real estate team and joined the M&G Real Estate in August 2016. Prior to joining the business he was property director at Kingfisher plc where he was responsible for all property investment and M&A activities. Before that Matthew was Head of Corporate Finance, EMEA for Cushman and Wakefield was responsible for a number of high profile sale-and-leaseback transactions. He has extensive knowledge of both UK and continental European real estate. Matthew is a member of the Royal Institution of Chartered Surveyors (RICS).

Henry Wilson, Structured Finance Manager EMEA & Leases, BP

Henry Wilson pictureHenry Wilson has worked in treasury in BP for 20 years: in corporate finance, debt capital markets and now structured finance, where he has led a number of ship leasing transactions and advises on the evaluation and balance sheet impact of BP’s portfolio of leases. Henry is a Chartered Accountant and is non-executive treasurer of Mediorite, a creative agency and social enterprise.

Download the slides here.

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