Document2 of 2 opportunities in this document openOther

Proposed Ipsas On Leases What Information Will Be Disclosed For Leases

Accounting Standards BoardRef: https://www.asb.co.za/proposed-ipsas-on-leases-what-information-will-be-disclosed-for-leases/

Official source

Source domain: asb.co.za

Collected on 13 July 2026

Always confirm details on the official source before acting.

What this means

This document is a webpage-style publication by South Africa’s Accounting Standards Board (ASB) discussing the IPSASB’s proposed International Public Sector Accounting Standards (IPSAS) on leases. It explains that the proposed IPSAS is substantially aligned with IFRS 16 and would require both lessees and lessors to provide enhanced qualitative and quantitative lease disclosures in their financial statements. It outlines the disclosure objective (assessing the effect of leasing activities on financial position, performance and cash flows) and specifies qualitative items for lessees and lessors, as well as tabular quantitative disclosures. The ASB states it will consider the impact of the amendments when the IPSASB finalises them in 2022 and invites views on the expected changes.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

accounting consultation documentsOngoing

Access the proposed IPSAS and Request for Information

The page makes the proposed IPSAS and the Request for Information available for access through a link.

Who it is for: People interested in the proposed IPSAS on leases
How to act on it: Follow the link provided in the document.

Show the line this came from

Access the proposed IPSAS and Request for Information by following this link .

Facts

Places

City of Tshwane, Gauteng

Reference

https://www.asb.co.za/proposed-ipsas-on-leases-what-information-will-be-disclosed-for-leases/

Key Takeaways

Subject: Proposed IPSAS on leases—what information will be disclosed
Date reference: IPSASB revised proposals published in January 2021
Alignment: Substantially aligned with IFRS 16 (unlike Exposure Draft 64 issued in 2018)
Disclosure requirement: Enhanced disclosures for both lessees and lessors
Disclosure objective: Assess effect of leasing activities on financial position, performance and cash flows
Qualitative disclosures: Lessees—nature of leasing activities, restrictions/covenants, potential cash outflows not in lease liability, sale and leaseback; Lessors—nature of leasing activities and risk management of rights retained in underlying assets and risk management strategies
Quantitative disclosures: Required in tabular format unless another format is more appropriate
Presentation requirements: Specific requirements for lease assets and lease liabilities and effects on results and cash flows
ASB action: Consider impact when IPSASB finalises amendments in 2022
Contact details: Accounting Standards Board, 40 Church Square, Pretoria 0002; +27 11 697 0660; info@asb.co.za
Accounting Standards Board (ASB)
IPSASB (International Public Sector Accounting Standards Board)
IFRS 16
Exposure Draft 64, Leases
PAIA (Promotion of Access to Information Act)