Hi all, 

I've been following a stock with a substantial real estate holding (IWG, who lease office space), and with the transition to IFRS 16 their finances now look far bleaker than before as the new accounting method takes leases into account. I won't claim to understand the intricacies of the change, but wondered if anyone knew what the implications of this are and how large/small a dose of salt should be taken when reviewing their balance sheet in the context of the new method?

Cheers

Ross

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