BC70 IFRS 16 excludes from its scope rights held by a lessee under licensing agreements within the scope of IAS 38 Intangible Assets for such items as motion picture films, video recordings, plays, manuscripts, patents and copyrights. This is because these licensing agreements are accounted for applying IAS 38.
BC71 IFRS 16 also states that a lessee may, but is not required to, apply IFRS 16 to leases of other intangible assets. The IASB did not want to prevent a lessee from applying IFRS 16 to leases of intangible assets for which there are no specific requirements in other Standards. The IASB acknowledged that there is no conceptual basis for excluding leases of intangible assets from the scope of IFRS 16 for lessees. However, the IASB concluded that a separate and comprehensive review of the accounting for intangible assets should be performed before requiring leases of intangible assets to be accounted for applying the requirements of IFRS 16. Many stakeholders agr
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