Company Svevia Industry Construction and maintenance – roads and infrastructure Uses of CCH® Tagetik • CCH Tagetik Lease Accounting solution for IFRS 16 and ASC 842 Key Facts • More than 3,000 leasing contracts... • ...of which 900 are subleasing contracts • 2,100 employees • SEK 8.1 billion annual revenue CASE STUDY With three legal entities and approximately 3,000 leasing contracts, including 900 sublease contracts with changing payments due to the STIBOR (Stockholm Interbank Offered Rate), Svevia knew that IFRS 16 would be a big challenge. In particular, the subleases are subject to frequent monthly changes including extensions and factors which affect asset values. Manually updating the subleases regarding asset values was simply not practical. The Objectives With the deadline o

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