This report evaluates the impact of the new lease standard (AASB 16) on the financial statements of companies, with a focus on BlueScope and Boral limited. It discusses the reasons for changing the leasing standard, the implications of AASB 16, the advantages and disadvantages for the companies, and the impact on the income statement, balance sheet, and cash flow statement. It also evaluates the usefulness of AASB 16 to the users of financial statements and summarizes the findings.