Accounting advice was given to a client of ours regarding the accounting treatment of a plot’s lease agreement a company had with the Ukrainian state authority. For our advice we had to consider the provisions of the lease agreements to establish whether it falls under the IFRS16 provision and the subsequent recognition of Right to Use Asset, Lease Liabilities and the setup of the relevant calculation schedules regarding the Right of Use Depreciation and lease interest expense, as per the provisions of the relevant accounting standard.