Wpływ kapitalizacji leasingu operacyjnego na użyteczność sprawozdań finansowych spółek notowanych na Giełdzie Papierów Wartościowych w Warszawie
The influence of capitalization of operating lease on usefulness of financial statements of companies listed on Warsaw Stock Exchange

Summary/Abstract: The paper presents the problem of different treatment of contracts for operating and financial lease. On the basis of 199 financial statements of companies listed on Warsaw Stock Exchange for the year 2005 it was analyzed weather these companies disclose information required by IAS 17. Next, on the basis of disclosed information, it was examined how the capitalization of operating lease would influence liabilities, fixed assets and key financial ratios. Main results from the above studies revealed that above 50% of companies do not meet the requirements of international accounting standards and that capitalization had significantly influenced liabilities, fixed assets and solvency and liquidity ratios in some companies. It confirmed previous conclusions made by many researchers that new rules for uniform treatment of all lease contracts should be implemented.

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