This paper examines the impact of capitalising operating leases on the financial ratios for New Zealand councils (local government). It finds that required financial management and leverage ratios significantly worsen, but by an immaterial amount. In contrast, return on assets significantly increases by a material amount. This extends the constructive lease capitalisation literature to public benefit entities. This paper also discusses the role of councils as both lessees and lessors and that any change to lessor accounting for operating leases would have a greater impact on councils, although likely still immaterial. As a recent exposure draft suggests the convergence of International Public Sector Accounting Standard lease accounting with International Financial Reporting Standard 16, this paper provides timely evidence to standard-setters.

中文翻译：

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地方议会中承租人和出租人会计的影响

本文研究了将经营租赁资本化对新西兰议会（地方政府）财务比率的影响。它发现所需的财务管理和杠杆比率显着恶化，但幅度不大。相反，资产回报率显着增加。这将建设性的租赁资本化文献扩展到公益实体。本文还讨论了理事会作为承租人和出租人的作用，以及出租人对经营租赁的会计处理的任何变化都会对理事会产生更大的影响，尽管可能仍然无关紧要。由于最近的征求意见稿表明国际公共部门会计准则租赁会计与国际财务报告准则 16 的趋同，本文为准则制定者提供了及时的证据。