CCH Tagetik for IFRS16

House of HR opted for CCH Tagetik to report and disclose the impact of the IFRS16 leasing standard within the Group.

IFRS 16 specifies how to recognise, measure, present and disclose leases under the adoption of IFRS. The standard provides a single lease accounting model, requiring lessees to recognise a right-of-use asset and a lease liability for all leases unless the lease term is 12 months or less or the underlying asset is of low value.