Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
The Indian accounting standard requiring operating leases to be recognised on the balance sheet.
It raised reported debt and EBITDA for retailers and airlines overnight, breaking comparisons across the transition year.
EBITDA with rent deducted as an operating cost, as before lease accounting changed in 2019.
Ind AS 116 moved rent below EBITDA, inflating it. This version makes retailers’ margins comparable across years.