IFRS 16 Lease Accounting Made Simple

Professional lease accounting software for companies in the Adria region. Automate your IFRS 16 compliance with accurate calculations for lease liabilities, right-of-use assets, and comprehensive financial reporting.

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Lease Liability
EUR 2.4M
ROU Assets
EUR 2.1M
Active Leases
147
Companies
12
500+ Leases Managed
50+ Companies
6 Countries
100% Accuracy

Powerful Features

Everything you need for complete IFRS 16 compliance and lease portfolio management

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Automated Calculations

Automatically calculate lease liabilities, interest expenses, and principal payments with precision. Support for various payment schedules and frequencies.

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Right-of-Use Assets

Track and manage ROU assets with automated depreciation schedules. Handle modifications, reassessments, and impairments effortlessly.

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Multi-Currency Support

Handle leases in multiple currencies with automatic exchange rate conversions. Perfect for companies operating across the Adria region.

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Comprehensive Reporting

Generate detailed financial reports, disclosure notes, and journal entries. Export to Excel or print directly for auditors.

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Multi-Company Management

Manage lease portfolios for multiple companies from a single platform. Perfect for corporate groups and holding companies.

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Easy Data Import

Import your existing lease data from Excel spreadsheets. Bulk upload capabilities save hours of manual data entry.

What is IFRS 16?

IFRS 16 is the International Financial Reporting Standard for lease accounting, effective from January 1, 2019. It fundamentally changes how lessees account for leases by requiring most leases to be recognized on the balance sheet.

For companies in the Adria region (Slovenia, Croatia, Serbia, Bosnia and Herzegovina, Montenegro, and North Macedonia), IFRS 16 compliance is essential for accurate financial reporting and regulatory compliance.

  • check_circle Recognition of lease liabilities on balance sheet
  • check_circle Right-of-use asset recognition and depreciation
  • check_circle Interest expense calculation on lease liabilities
  • check_circle Enhanced financial statement disclosures
  • check_circle Impact on key financial ratios and metrics

trending_up Key Benefits

Improved Transparency

Better visibility of lease obligations for stakeholders

Accurate Comparisons

Consistent treatment enables better peer comparisons

Regulatory Compliance

Meet local and international reporting requirements

Support for Adria Region

Emikon has developed a tool that allows companies to calculate lease agreements impacts in accordance with IFRS 16 requirements while keeping their processes clear and seamless within a single platform. Emion EmLease tool offers all the key features for reporting leases in accordance with IFRS 16 and a number of other competitive advantages that make it a truly comprehensive assistant. Our software is designed specifically for companies operating in Southeast Europe

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Slovenija
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Hrvatska
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Srbija
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Bosna i Hercegovina
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Crna Gora
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Severna Makedonija

Frequently Asked Questions

Common questions about IFRS 16 and our software

IFRS 16 (International Financial Reporting Standard 16) is the global accounting standard for leases, effective since January 1, 2019. It fundamentally changed how companies account for leases by requiring lessees to recognize most leases on their balance sheet.

In the Adria region, IFRS 16 is also known as MSFI 16 (Serbia, Croatia, Bosnia) or MSFI 16. The standard is mandatory for listed companies in EU member states (Slovenia, Croatia) and has been adopted by other countries in the region.

Key elements include:

  • Lease liabilities - present value of future payments
  • Right of use asset (ROU) - the value of the right to use the leased property
  • Depreciation - systematic reduction of ROU assets
  • Interest expenses - calculated on lease liabilities

Our IFRS 16 software automates the entire lease accounting process:

  • Automatic Calculations - Lease liability, ROU asset, interest, and depreciation
  • Multi-Currency Support - Handle EUR, RSD, HRK, BAM, and other currencies
  • Complete Audit Trail - Track all changes and modifications
  • Financial Reports - Generate disclosure notes and journal entries
  • Excel Import/Export - Easy data migration and reporting

Lease liabilities are calculated as the present value of future lease payments, discounted at the interest rate implicit in the contract or at the incremental borrowing interest rate.

Our software automatically:

  • Calculates the initial value of the liability
  • Generates an amortization schedule with interest and principal
  • Tracks changes (contract modifications, revaluation)
  • Calculates exchange rate differences for foreign currency contracts

Our software is designed specifically for the Adria region and supports:

  • Slovenia - EUR (Euro)
  • Croatia - EUR (previously HRK)
  • Serbia - RSD (Serbian Dinar), EUR
  • Bosnia and Herzegovina - BAM (Convertible Mark), EUR
  • Montenegro - EUR
  • North Macedonia - MKD (Macedonian Denar), EUR

Exchange rate management is built-in with automatic currency conversion.

Lease liabilities are calculated as the present value of future lease payments, discounted at the interest rate implicit in the contract or at the incremental borrowing interest rate.

Our software automatically:

  • Cloud Hosted
  • Web-based
  • For Windows
  • EmLease uses artificial intelligence to analyze your contracts to help you find the information you need faster and more accurately.

Ready to Simplify Your IFRS 16 Compliance?

Join companies across the Adria region who trust our software for their lease accounting needs.

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