EFRAG published a report that summarises the findings from the public survey on the effects of the introduction of IFRS 16 Leases on financial covenants in loan agreements. The public survey was carried out by EFRAG in association with the National Standard Setters of Lithuania, France, Germany, Italy, and the UK (AAT, ANC, DRSC, OIC, FRC). The IASB also participated in this consultation.

The objective of the survey was to consult with European constituents to understand their expectations of the effects of the introduction of IFRS 16 Leases on financial covenants in loan agreements.

EFRAG, the IASB, and National Standard Setters would like to thank all those that participated in this public survey.