We advise a wide range of clients and their financial stakeholders, from fast growing and established businesses to public companies competing in global...
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Sector Focus
We specialise in the investment management industry offering audit, assurance, tax and corporate recovery and liquidation services.
At Grant Thornton, tax is a key part of our organisation and our award-winning teams can offer you a range of solutions, whatever the size of your business or...
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Qualified Intermediaries (QI) have to take action now to perform a Certification to the Internal Revenue Service (IRS).
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The Guernsey tax team at Grant Thornton aim to provide the island with a premier tax advisory service both to private clients and the Guernsey business community including the investment management industry.
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A page with a link for Jersey Tax Returns
We work with a broad range of clients and their financial stakeholders, from entrepreneurs in the early days to fast growing and established businesses to...
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ESG can either be seen as a risk management tool or an opportunity, either way it is imperative to your business, whatever your size and whether you are listed or not.
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Finance Industry
We work with a broad range of clients and their financial stakeholders, from entrepreneurs in the early days to fast growing and established businesses to public companies competing in global markets.
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Businesses come in many shapes and sizes – from innovative start-ups to long-established local businesses. But however large or small your business, the chances are you face similar challenges.
We supply a wide range of services to under-performing businesses and their stakeholders. We focus on identifying and resolving issues affecting profitability,...
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Corporate Insolvency
Our corporate investigation, Guernsey liquidation and recovery teams focus on identifying and resolving issues affecting profitability, protecting enterprise value and facilitating a full recovery where possible.
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Redundant corporate entities can over complicate group structures and waste thousands of pounds in unnecessary costs each year. 46% of the c.15,500 companies controlled by the FTSE100 are dormant and it is estimated that the average cost of administering dormant companies is between £3,500 and £5,000 per company, per year.
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Debt Advisory
Our Debt Advisory team provides commercial and financial debt advice to corporate entities and public sector bodies in a range of sectors. Our engagements include advice on stand-alone transactions and solutions or as part of an integrated business plan, in both the project and corporate arenas.
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Exit Strategy Services
We offer a tailored methodology designed to enable a company to be reviewed in a group context to assess ways to maximise its value.
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Financial Restructuring
For companies challenged by under-performance we work with management teams, shareholders, lenders and other stakeholders to implement financial restructuring solutions creating a stable platform for business turnaround.
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Strategic performance reviews
Strategic performance reviews analyse the key drivers of performance improvement. Our specialists utilise a framework to evaluate financial and operational options and to identify solutions for businesses and their stakeholders.
Heightened financial distress, globalisation (where companies play a pivotal role on the world stage) and increased regulation has led to an increase in the...
For most companies, the responsibility to comply with the twists and turns of financial reporting obligations is an ever increasing, and sometimes dizzying...
Grant Thornton Regulatory Consulting team provides assistance at all stages to financial services businesses.
IFRS 16
Lease payments
05 Mar 2019At the commencement of a lease, IFRS 16 requires a lessee to measure the lease liability at the present value of the lease payments that are not paid at that date. This liability includes both fixed payments (including in-substance fixed payments) and variable lease payments that depend on an index or rate, and represents the starting point for the measurement of the related right-of-use asset.
Deciding which payments need to be recognised in the measurement of the liability and how changes in those payments are recognised often involves considerable judgement. Our IFRS 16 - Lease payments article aims to help you with this judgement.
Lease payments used to measure the lease liability at commencement date include the following (to the extent they have not yet been paid):
- fixed payments – including in-substance fixed payments less any lease incentives receivable
- variable lease payments that depend on an index or a rate
- amounts expected to be payable by the lessee under residual value guarantees
- the exercise price of a purchase option if the lessee is reasonably certain to exercise that option
- payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease.
Also appears under...