The paper examines the Impact of the application of IFRS 16 on the content of financial statements. Financial statements contain information that is used by many users for their various needs. In Croatia, the accounting of leases is regulated by Croatian financial reporting standards and by International financial reporting standard 16 Leases. The new standard IFRS 16 does not require the lessee to divide leases into operating and finance leases, but sets the same requirements for all leases. Under IFRS 16, lessees are required to recognize lease assets and lease liabilities. The consequence of such a change in the records of leases is a significant impact on the content of all financial statements. The share of right-of-use assets in the telecommunication industry is high. The paper examines the impact of IFRS 16 on the content of financial statements of Hrvatski Telekom, the leading telecommunications company in Croatia. Based on the data published in the Consolidated Financial Statements and the Annual Report for 2019 for Hrvatski Telekom the financial statements for 2019. without the impact of the application of IFRS 16 were created. A comparison of published financial statements for 2019. and financial statements created without the impact of IFRS 16 revealed the positions of financial statements affected by IFRS 16. This applies to fixed assets, liabilities, depreciation expense and interest expense.