MAIN IMPACTS OF THE NEW INTERNATIONAL LEASES STANDARD ON THE ECONOMIC AND FINANCIAL RATIOS OF AIRLINES COMPANIES GOL AND LATAM

The accounting rules for leasing have been the source of discussions because the operations in the operating mode do not consider these transactions in their balance sheet, affecting transparency of the information. With a new lease standard, IFRS 16, in principle, these operations will be included in the financial statements of all lessees. The objective of this study was to analyze the main effects of the new rule, when used a similar accounting treatment of financial lease to the operational classification, in the economic and financial ratios of the organizations GOL and LATAM, for the years 2014 to 2016, applying the Barbosa, Barros, Niyama and Souza's (2011) adjustment model. Significant impacts were observed in the assets and liabilities of the companies, reduction of current liquidity, composition of indebtedness and return on assets, as well as increased the degree of indebtedness, immobilization of shareholders' equity and degree of financial leverage, while only the return on equity remained unchanged.