LEASE OBLIGATION RANKINGS

Who leases the most in each country?

Legacy GAAP reporting under ASC 840 and IAS 17

We published a series of rankings of companies with the largest leasing portfolios in major countries. The rankings are based upon quantitative disclosures collected from the footnotes of US, Canada, UK, France, Germany, and Australia filings as reported under ASC 840 and IAS 17.

United States
Fortune 1000 Lease Obligation Rankings

The top 1000 public companies in the US have almost $1 trillion in operating lease liabilities. The rankings were based upon data collected from 2018 annual reports under ASC 840. Download the report to find out who ranked the highest.

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United Kingdom
FTSE 350 Lease Obligation Rankings

We ranked the companies listed on the UK’s FTSE 350 index to understand who had the largest lease portfolio. Rankings were based upon data collected from 2018 annual reports under IAS 17. Download the report to find out who ranked the highest.

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Germany
DAX 30 Lease Obligation Rankings

We ranked the companies listed on Germany’s DAX 30 index to understand who had the largest lease portfolio. Rankings were based upon data collected from 2018 annual reports under IAS 17. Download the report to find out who ranked the highest.

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Australia
ASX 100 Lease Obligation Rankings

We ranked the companies listed on Australia’s ASX 100 index to understand who had the largest lease portfolio. Rankings were based upon data collected from 2018 annual reports under AASB 117. Download the report to find out who ranked the highest.

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France
CAC 40 Lease Obligation Rankings

We ranked the companies listed on France’s CAC 40 index to understand who had the largest lease portfolio. Rankings were based upon data collected from 2018 annual reports under IAS 17. Download the report to find out who ranked the highest.

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Canada
TSX 60 Lease Obligation Rankings

We ranked the 60 companies listed on Canada’s S&P/TSX 60 index to understand who had the largest lease portfolio. Rankings were based upon data collected from 2018 annual reports under IAS 17. Download the report to find out who ranked the highest.

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PROGRESS REPORTS

ASC 842 & IFRS 16 progress reports.

Lease accounting adoption began in 2019. How are companies approaching the transition?

US Progress Report

ASC 842 Adoption | Published April 2019

For Private Companies – Over 300 accounting and finance leaders from private companies were surveyed on their lease accounting project progress three years after the publication of ASC 842 on topics like data collection, process readiness, and system selection.

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Australia Progress Report

AASB 16 Adoption | Published June 2019

We surveyed finance and accounting leaders at many of Australia’s largest companies a few months before the effective date to understand the key challenges with adoption.  The 1 July 2019 fiscal year start marked the effective date for most companies adopting AASB 16.

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UK Progress Report

IFRS 16 Adoption | Coming Soon

LeaseAccelerator conducted a survey of over 100 accounting and finance leaders from private companies in the UK, just six months after the effective of IFRS 16.  The survey questions assessed the progression of activities in areas such as data collection, process readiness, and system selection.

Coming Soon

DISCLOSURE ANALYSIS

ASC 842 & IFRS 16 post-adoption.

Analyzing the first round of disclosures.

The First 10-Qs under ASC 842

A Study of the S&P 500 | Analyzing March 31, 2019 10-Qs

As of June 2019, almost 400 of the S&P 500 companies had transitioned to the new lease accounting standards. Collectively the group is reporting a total of $503 billion in operating lease liabilities and $69 billion in finance lease liabilities on their balance sheets. Check out this infographic with some interesting facts about the first 395 big companies to file a 10-Q under the new standards.

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ABOUT THE CENTER

One of the biggest challenges with today’s leasing programs is that there is no real model for success.

Finance organizations don’t know the difference between a “good” leasing program and a “great” one because there are no publicly available studies that benchmark performance. Nor are there any generally accepted KPIs or metrics for accounting, operations, and procurement teams to utilize when analyzing the activities of their own organizations.

Most companies have an under-performing lease portfolio, but do not even realize it because 1) they cannot measure their performance and 2) even if they could, there is no benchmark for comparison.

Finance leaders do not know if they are leasing more or less than their peer group because the data has historically been buried in the footnotes of SEC filings.

Treasurers do not know if they are realizing the economic benefits of a lease because they are not able to compare the expected Present Value to the actual Present Value.

Operations teams do not know if their end-of-term return rates for equipment assets are above or below average because there is no benchmark for comparison.

At LeaseAccelerator, we are relentlessly data-driven.

It drives us mad that there aren’t publicly available metrics or benchmarks to compare the performance of leasing portfolios. So we have invested in building the Leasing and OpEx Research Center to help companies track, measure, and compare the performance of their sourcing, management, and accounting activities.

LeaseAccelerator is the pioneer of the Enterprise Lease Accounting Software Market.  Our aim with the leaseaccounting.com website and OPEX and Leasing Research Center is to help companies get educated on the technical accounting standards and best practices so that they can successfully transition to ASC 842, IFRS 16, and GASB 87.