Chemicals industry supplement to leasing standard

| November 3, 2017

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Last year, the FASB issued a new standard on leases under which lessees will be required to bring substantially all leases onto their balance sheets. Some changes could also significantly impact certain lessors. The new guidance will likely introduce some level of change for all entities that are party to a lease. In-depth US2016-02 provides a summarized analysis of the new standard. In addition, PwC's accounting guide, Leases, released in April 2016, contains a comprehensive overview of the new leases’ standard and its related implications.

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Al Nahda International Chemicals Company

Established in 1979, Al Nahda International Chemicals Company has grown to become one of the leading industrial chemical distributors in the UAE. We also supply our products to a wide range of industries in the GCC and East African countries.

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