Lease Accounting Changes Survey Question Title * 1. Contact Information Name Title Company Email Address Question Title * 2. What best describes your industry? Aircraft/Aerospace Architecture / Design Automotive Business Services / Consulting Construction Consumer Products Distribution Economic Development Financial Services Healthcare Government Hospitality / Entertainment Manufacturing / Industrial Real Estate Retail Technology Telecommunications Transportation Utilities Other (please specify) Question Title * 3. What is the size of your company (year-end 2015 revenue) $10 to $50 million $51 to $100 million $101 to $500 million $501 to $1 billion Greater than $1 billion Question Title * 4. What is the total size of your real estate portfolio by square feet? Less than 500,000 500,000 to 1 million 1 million to 5 million 5 million or greater Question Title * 5. How many leases do you have in your portfolio? 0-50 51-200 201-1,000 Greater than 1000 Question Title * 6. I believe the impact of the new lease accounting standard on my company will have a significant impact. Strongly disagree Disagree Middle of the road Agree Strongly agree Strongly disagree Disagree Middle of the road Agree Strongly agree Question Title * 7. What is the level of understanding within your organization of the upcoming lease accounting changes and the implications it will have? Excellent Proficient Adequate Limited Question Title * 8. How prepared is your organization for the upcoming lease accounting changes? Action plan is prepared Organizational efforts have commenced Have not prepared meaningfully Uncertain Question Title * 9. Which standard will your company be following? GAAP (established by the Financial Accounting Standards Board (FASB)) IFRS (established by the International Accounting Standards Boad (IASB)) Both Don't know Question Title * 10. What percentage of the number of your company’s real estate leases are currently classified as operating leases as opposed to capital / finance leases? 95 – 100% 75 – 94% Less than 75% Uncertain Question Title * 11. To what degree has your company evaluated the financial statement impact of the proposed standard? Not yet In a preliminary manner Fully considered Uncertain Question Title * 12. What impact do you expect the upcoming lease accounting changes to have on your corporate real estate decision making? (Select one or more choices below) No impact Move to shorter lease terms Reconsider lease vs. owning Change in lease terms (e.g. renewal, termination) Delaying major real estate transactions Other (please specify) Question Title * 13. What are your priorities as it relates to the upcoming lease accounting changes (Select all that apply)? Training my team and I on the Lease Accounting changes and how they will impact our organization and our decision making Establishing the needed systems and process to accommodate the changes Adjusting our real estate decision making framework Addressing your non-real estate leases (equipment, vehicles, etc.) Changing your own vs lease strategy Understanding how the changes in accounting treatment for leases will impact your organization’s financial ratios and covenants impact your debt ratios, etc. Question Title * 14. Please rank the proposed lease accounting, reporting and administrative services and or tools in order of areas of support you expect(Use 1-4, with 1 being the highest priority) 1 2 3 4 Output from lease administration system of real estate lease data including remaining commitment reports to support compliance requirements 1 2 3 4 Population of a portfolio database through lease abstraction criteria to capture all pertinent lease data required under the new standards 1 2 3 4 Reabstraction services to bring current portfolio database “up to date” to include all pertinent data required by the new standards 1 2 3 4 Lease Accounting Technology tool populated with abstracted real estate lease data, including straight line rent calculations, which would facilitate the entering of client provided data required for the Lease Accounting impact Question Title * 15. What additional assistance could JLL provide to help your organization prepare and implement the accounting changes? (Select one or more of the choices below) Development and implementation of stakeholder management processes Facilitated On-site team workshops and technical training Change management and communications plan implementation Assess organization impact and resourcing needs for lease administration, transaction approval, and financial reporting processes Portfolio impact analysis to determine how the changes will affect financial statements Lease level impact analysis Ongoing impact assessment to ensure compliance Other (please specify) Question Title * 16. I need to learn more about the upcoming changes fairly soon Strongly disagree Disagree Middle of the road Agree Strongly agree Strongly disagree Disagree Middle of the road Agree Strongly agree Question Title * 17. May we contact you to discuss further? Yes No Done
