Datasets of impact of the first-time adoption of IFRS 16 in the financial statements of Slovak compulsory IFRS adopters

Abstract

To make the accounting data internationally comparable, the International Financial Reporting Standards (IFRS) have been adopted by companies across the world, including those in the member states of the European Union. In 2017, the new international financial reporting standard (IFRS 16, “Leases”) has introduced mandatory recognition, in the statements of the financial position, of some of the former off-balance-sheet assets and liabilities arising from operating leases. Since 2019, the IFRS 16 has become binding for all financial statements prepared by the IFRS adopters. By the end of the transition period, we have collected the financial statements of 155 Slovak IFRS adopters, extracted the related data, and classify them into four categories. The first three of those categories are rather auxiliary – general information about the company and its financial statements, underlying information about the transition process from formerly applied standard IAS 17 to IFRS 16, and the disclosure of the related information in financial statements. The fourth one, the impact of the adoption of the IFRS 16 on the statements of the financial position as of the date of transition, contains information about the financial impact of the IFRS 16 on Slovak first-time adopters. To enable further analyses, we compile and make available the list of direct links to 761 financial statements of Slovak IFRS adopters, covering years 2015-2019.

Keywords

• IFRS 16
• Adoption
• Slovakia
• Leases
• Rights of use
• Financial position