One of the aspects of the transition to the new leasing standard that has been proven to be quite challenging in practice is the impact that IFRS 16 has on an entity’s impairment model. The interaction between the new leasing standard and the impairment standard, IAS 36, is not straight-forward. Renitha Dwarika, technical partner and Telecommunications leader, provides insights on these complexities and accounting considerations for the impairment calculation.