Does my office lease have to appear as an asset and liability on the balance sheet?

Before IFRS 16, an office lease was simply an annual expense, and the balance sheet never showed the real future commitment. The current standard changed that: most leases (short-term and low-value leases aside) must be recognised as a right-of-use asset and a matching lease liability from day one of the contract.

That moves ratios lenders actually watch, like debt-to-equity, before they approve any facility. RASEEKH reviews the actual lease contracts in your file and shows you the real balance-sheet effect before it surprises you at audit time or during a financing application.