Guidance

DHSC: IFRS 16 implementation guidance

Information for the department's ALBs and NBs on the timing of International Financial Reporting Standard 16 (IFRS 16) implementation activity.

Documents

Details

The IFRS 16 Leases for bodies applying the Financial Reporting Manual (FReM) has been postponed in the public sector to 1 April 2021.

DHSC is revising the implementation timetable and will publish a new version.

The supplement provides information on the implementation of the standard. It advises group bodies that are required to implement IFRS 16 in their statutory accounts for 2019 to 2020 on how best to align with DHSC group policies when the standard is adopted by the Government Financial Reporting Manual in 2021 to 2022. It also helps other group bodies adopting the standard in 2021 to 2022 to develop their preparedness.

The supplement should be read with the department’s Group Accounting Manual.

Published 3 December 2019
Last updated 2 April 2020 + show all updates
  1. The 'DHSC IFRS 16 implementation timetable' has been removed. The IFRS 16 Leases for bodies applying the Financial Reporting Manual (FReM) has been postponed in the public sector to 1 April 2021. DHSC is revising the implementation timetable and will publish a new version.

  2. First published.