ROU Assets in EV
Hey all
Had an interesting question asked on IFRS16 leases in EV. Can’t find anything here/online about it so hoping someone can help out.
Where EV = net operating assets = op assets - op liabilities; Why are ROU assets not subtracted from EV when lease liabilities are added?
Confused as the lease liability may be considered non-op liability (like debt) for the add back so why is the corresponding ROU not subtracted if it is then another non-op asset?
Cheers
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