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Chemical leasing case study

Although the new standard was published in , its implementation is difficult for many entities. The application of new guidelines is a challenge for the entire organization, as it requires appropriate changes both in the processes related to accounting and in operational departments. The new model requires the lessee to recognise almost all lease contracts on the balance sheet. For lessees that have entered into contracts classified as operating leases under IAS17, this could have a significant impact on the financial statements. This case study publication aims to concentrate on the disclosure aspect of the new standard for the lessee. In this case study we describe how to apply IFRS 16, i.
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Case Studies in Chemical and Environmental Engineering

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Case studies - AkzoNobel Report

This customer was looking for a way to reduce the total cost of its material handling equipment used in its warehouses across the country. The customer's corporate office had no visibility into its forklift inventory or related costs within each of its 80 branch locations. Several branches have low asset usage needs and believed rentals were a better option than leasing new equipment. As part of the fleet implementation, Element gathered and analyzed the customer's equipment inventory — something that had not been done before.
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Global Chemical Leasing Award 2021

Chemical Leasing can be applied in many industries and processes, ranging from car manufacturing to cleaning operations, wastewater treatment, textiles, beverage and food production See Table 1 below. Nowadays, more than companies worldwide have included Chemical Leasing in their business strategies. The best practice examples from companies and the feedback provided by independent evaluation experts prove that Chemical Leasing:. A Ugandan beverage company introduced Chemical Leasing for bottle washing and conveyor lubrication. A Serbian confectionary producer uses Chemical Leasing in the bonding process of packaging.
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