Impact of IFRS 16 - leases on Vietnam aviation enterprises
Published: July 28, 2026
Abstract
The adoption of International Financial Reporting Standards (IFRS) has been an essential trend for businesses, with the expectation of increasing the transparency and reliability of financial statement information. Based on secondary data collected from audited financial statements and annual reports during the period 2019-2022 of several aviation enterprises listed on the Vietnamese stock market, this study analyzed the impact of applying IFRS 16 - Leases on the financial statements of these aviation companies. The study’s results show that IFRS 16 can have a significant impact on the balance sheet and income statement and change some financial indicators reflecting the solvency and profitability of companies. Several recommendations have been proposed to Vietnamese aviation enterprises to enhance the application of IFRS in these companies.
Keywords
IFRS 16leasesfinancial statementslisted firmsaviation industry
References
1.
Công ty TNHH Kiểm toán Deloitte Việt Nam (2020). Báo cáo kết quả khảo sát mức độ sẵn sàng áp dụng IFRS của DN tại Việt Nam. Truy cập tại https://www2.deloitte.com/content/dam/Deloitte/vn/Documents/audit/vn-aud-readiness-assessment-on-ifrs-vn.pdf
2.
Công ty Cổ phần Hàng không Vietjet (2022). Báo cáo thường niên giai đoạn 2017 - 2022.
3.
Đinh Minh Tuấn (2013). Lần đầu chuyển đổi báo cáo tài chính tập đoàn tân tạo từ chuẩn mực kế toán Việt Nam (VAS) sang chuẩn mực báo cáo tài chính quốc tế (IFRS). Luận văn Thạc sỹ, Trường Đại học Kinh tế TP. Hồ Chí Minh.
4.
Tổng Công ty Hàng không Việt Nam (2022). Báo cáo thường niên giai đoạn
5.
2017 - 2022.
6.
Hiltunen, R. T. (2021). The Value Relevance of Intangible Assets and Goodwill: Evidence from the airline industry. MSc thesis, University of VAASA, Finland.
7.
IASB (2016). IFRS 16: Leases. [Online] Available at https://www.ifrs.org/issued-standards/list-of-standards/ifrs-16-leases/
8.
IFRS Foundation (2016). Effects Analysis International Financial Reporting Standard, IFRS 16 - Lease. [Online] Available at https://www.ifrs.org/content/dam/ifrs/project/leases/ifrs/published-documents/ifrs16-effects-analysis.pdf
9.
PwC (2016). A study on the impact of lease capitalization. IFRS 16: The new lease standard. [Online] Available at https://www.pwc.com/gx/en/audit-services/publications/assets/a-study-on-the-impact-of-lease-capitalisation.pdf
10.
You, J. (2017). The impact of IFRS 16 lease on financial statements of airline companies. MSc thesis, University of Auckland Technology.
