IFRS 16 only
If you have chosen the cumulative catch-up transition option (where operating leases are converted to finance as of the implementation date of IFRS 16), you may choose, on a lease-by-lease basis, for IAS 17 operating leases, to calculate the asset at the implementation date as if the lease had been finance from inception. This normally results in a lower asset than liability at transition, with the difference an immediate charge to retained earnings (shown in EZLease as an addition loss). This is not relevant if you have chosen full retrospective application of IFRS 16.