International Financial Reporting Standards

DGAP-News: Rocket Internet SE: Rocket Internet Announced H1 2020 Results for Rocket Internet & Selected Companies

Friday, September 18, 2020 - 8:01am

Berlin, September 18, 2020 - Today, Rocket Internet SE ("Rocket Internet" or "the Company") announced a consolidated loss of EUR -12 million for the first six months in 2020.

Key Points: 
  • Berlin, September 18, 2020 - Today, Rocket Internet SE ("Rocket Internet" or "the Company") announced a consolidated loss of EUR -12 million for the first six months in 2020.
  • The loss of associates and joint ventures increased from EUR -48 million in Q1 2020 to EUR -84 million in H1 2020.
  • Rocket Internet's selected companies developed well operationally in H1 2020, despite the impacts of Covid-19.
  • For the detailed H1 2020 Rocket Internet results, please refer to the Interim Consolidated IFRS Financials on our website and for the selected companies their respective disclosure.

Stark Group selects Planon's Lease Accounting solution to comply with IFRS 16 standards

Thursday, September 17, 2020 - 5:44pm

Founded in 1896 with headquarters in Denmark, Stark Group has been continuously developing and strengthening its position in the market and is well regarded in the construction industry.

Key Points: 
  • Founded in 1896 with headquarters in Denmark, Stark Group has been continuously developing and strengthening its position in the market and is well regarded in the construction industry.
  • With over 10,000 employees and 412 stores in six countries, Stark Group handles 4,200 lease contracts across all countries in which it operates.
  • "We have chosen Planon software for Lease Management and IFRS 16 compliance because of the maturity of the solution and the structured implementation process," said Michael Peter Jakobsen, Group Finance Manager at Stark Group.
  • This eased our search for an integrated lease management and IFRS 16 lease accounting solution."

Stark Group selects Planon's Lease Accounting solution to comply with IFRS 16 standards

Thursday, September 17, 2020 - 5:33pm

BOSTON, Sept. 17, 2020 /PRNewswire/ --Stark Group, one of the largest retailers and distributors of building materials for the professional segment in Northern Europe, has selected Planon Universe for Financial Professionals to comply with IFRS 16 standards.

Key Points: 
  • BOSTON, Sept. 17, 2020 /PRNewswire/ --Stark Group, one of the largest retailers and distributors of building materials for the professional segment in Northern Europe, has selected Planon Universe for Financial Professionals to comply with IFRS 16 standards.
  • With over 10,000 employees and 412 stores in six countries, Stark Group handles 4,200 lease contracts across all countries in which it operates.
  • "We selected Planon software for Lease Management and IFRS 16 compliance because of the maturity of the solution and the structured implementation process," said Michael Peter Jakobsen, Group Finance Manager at Stark Group.
  • This eased our search for an integrated lease management and IFRS 16 lease accounting solution."

AxiomSL Wins IFRS 9 Product of the Year at Asia Risk Awards

Thursday, September 17, 2020 - 2:00am

The annual awards program recognizes best practices in risk management and derivatives among banks and financial institutions throughout Asia.

Key Points: 
  • The annual awards program recognizes best practices in risk management and derivatives among banks and financial institutions throughout Asia.
  • AxiomSL's IFRS 9 solution seamlessly aggregates the necessary financial, risk and macroeconomic data without duplication to satisfy IFRS 9 regulatory requirements.
  • Banks too often face considerable challenges in sourcing and integrating all of the disparate data points needed to comply with IFRS 9 requirements," said Gavin Pugh, Head of Risk Solutions, Asia Pacific, AxiomSL.
  • Especially during COVID-19 and its aftermath, this type of flexibility is central to maintaining a resilient and data agnostic risk and regulatory ecosystem.

AxiomSL Wins IFRS 9 Product of the Year at Asia Risk Awards

Thursday, September 17, 2020 - 2:00am

The annual awards program recognizes best practices in risk management and derivatives among banks and financial institutions throughout Asia.

Key Points: 
  • The annual awards program recognizes best practices in risk management and derivatives among banks and financial institutions throughout Asia.
  • AxiomSL's IFRS 9 solution seamlessly aggregates the necessary financial, risk and macroeconomic data without duplication to satisfy IFRS 9 regulatory requirements.
  • Banks too often face considerable challenges in sourcing and integrating all of the disparate data points needed to comply with IFRS 9 requirements," said Gavin Pugh, Head of Risk Solutions, Asia Pacific, AxiomSL.
  • Especially during COVID-19 and its aftermath, this type of flexibility is central to maintaining a resilient and data agnostic risk and regulatory ecosystem.

Visual Lease Brings Transparency to Lease Accounting with Newest Product Release

Wednesday, September 16, 2020 - 4:39pm

Visual Lease , the leader in lease lifecycle management and accounting software, today announced its latest product release, version 20.4.

Key Points: 
  • Visual Lease , the leader in lease lifecycle management and accounting software, today announced its latest product release, version 20.4.
  • In addition to the new audit trail capabilities, Visual Lease 20.4 features enhancements to the platforms already robust filtering and sorting options within lease accounting reports.
  • To learn more about Visual Leases lease accounting capabilities, please visit https://visuallease.com/solutions/
    Visual Lease provides lease accounting and lease administration software solutions to help companies manage, analyze and report on their leased asset portfolios, including real estate, equipment and more.
  • The companys SaaS platform combines GAAP, IFRS and GASB-compliant lease accounting controls with sophisticated and flexible lease portfolio administration.

SCOR welcomes Fitch’s decision to confirm its Insurer Financial Strength Rating of ‘AA-’ and its outlook as stable

Tuesday, September 15, 2020 - 8:31pm

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n809/2004 of the European Commission.

Key Points: 
  • SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n809/2004 of the European Commission.
  • Thus, any forward-looking statements contained in this communication should not be held as corresponding to such profit forecasts.
  • The Groups financial information is prepared on the basis of IFRS and interpretations issued and approved by the European Union.
  • This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 Interim Financial Reporting.

Kore Mining Announces Results from PEA - US$ 263M NPV5% with IRR of 40% Using US $1,600 Gold at Long Valley Gold Deposit

Tuesday, September 15, 2020 - 1:00pm

These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.

Key Points: 
  • These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with IFRS.
  • "Cash Costs " and "Cash Costs (LOM)" are a non-IFRS measure reported by KORE on an ounces of gold sold basis.
  • The Long Valley deposit is an intact epithermal gold deposit with a large 2.5 by 2 kilometer oxide gold footprint.
  • The Long Valley deposit is an intact low sulphidation epithermal gold/silver deposit, hosted within a melange of fine to coarse volcanogenic sedimentary lithologies.

SCOR successfully places EUR 300 million subordinated Tier 2 notes

Thursday, September 10, 2020 - 5:43pm

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n809/2004 of the European Commission.

Key Points: 
  • SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n809/2004 of the European Commission.
  • Thus, any forward-looking statements contained in this communication should not be held as corresponding to such profit forecasts.
  • The Groups financial information is prepared on the basis of IFRS and interpretations issued and approved by the European Union.
  • This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 Interim Financial Reporting.

Amber Taverns Meets Audit Requirements With Specialist Fixed Asset Accounting Software

Thursday, September 10, 2020 - 2:00pm

LONDON, Sept. 10, 2020 /PRNewswire/ -- Amber Taverns, a long-standing client of Real Asset Management (RAM) , an MRI Software Company, is using its fixed asset accounting software to efficiently control and manage its asset base worth in excess of 100 million.

Key Points: 
  • LONDON, Sept. 10, 2020 /PRNewswire/ -- Amber Taverns, a long-standing client of Real Asset Management (RAM) , an MRI Software Company, is using its fixed asset accounting software to efficiently control and manage its asset base worth in excess of 100 million.
  • Interfaced with Amber Tavern's finance system, Sage 200, the fixed asset accounting software manages its 20,000+ assets across multiple sites, a number which grows month on month.
  • Having the confidence that its asset register is accurate and up to date is a major benefit to Amber Taverns, specifically in terms of IFRS compliance.
  • The product range includes modules for fixed asset accounting, lease accounting, asset tracking, maintenance management and facilities management, making it a powerful and flexible solution to meet all requirements and financial regulations.