International Financial Reporting Standards

PwC Actuarial Services Hails Aon's PathWise® Platform for IFRS 17 Reporting

Tuesday, November 24, 2020 - 3:00pm

Aon engaged PwC to assess PathWise's IFRS 17 results in order to obtain the best level of compliance with the global IFRS 17 standard.

Key Points: 
  • Aon engaged PwC to assess PathWise's IFRS 17 results in order to obtain the best level of compliance with the global IFRS 17 standard.
  • PwC Actuarial Services compared the results generated by PathWise with the results of PwC's IFRS 17 calculation tool, and benchmarked PathWise using sample data sets.
  • The review did not reveal any material deviations (above onepercent) between PwC Actuarial Services' IFRS 17 calculation tool (version 0.8.1254.1442) and PathWise's IFRS 17 results (v2.24).
  • Robin Zeeman, Senior Manager at PwC, commented: "We are proud to have worked with Aon's PathWise team on this IFRS 17 review.

PwC Actuarial Services Hails Aon's PathWise® Platform for IFRS 17 Reporting

Tuesday, November 24, 2020 - 3:00pm

Aon engaged PwC to assess PathWise's IFRS 17 results in order to obtain the best level of compliance with the global IFRS 17 standard.

Key Points: 
  • Aon engaged PwC to assess PathWise's IFRS 17 results in order to obtain the best level of compliance with the global IFRS 17 standard.
  • PwC Actuarial Services compared the results generated by PathWise with the results of PwC's IFRS 17 calculation tool, and benchmarked PathWise using sample data sets.
  • The review did not reveal any material deviations (above onepercent) between PwC Actuarial Services' IFRS 17 calculation tool (version 0.8.1254.1442) and PathWise's IFRS 17 results (v2.24).
  • Robin Zeeman, Senior Manager at PwC, commented: "We are proud to have worked with Aon's PathWise team on this IFRS 17 review.

Ero Copper announces updated mineral resource and reserve estimate outlining a high-grade and low-cost six-year mine life at the NX Gold Mine

Tuesday, November 24, 2020 - 11:45am

Inferred mineral resources, where unavoidably included within a defined mining shape have been included in the mineral reserves estimate at zero grade.

Key Points: 
  • Inferred mineral resources, where unavoidably included within a defined mining shape have been included in the mineral reserves estimate at zero grade.
  • Mining dilution resulting from Indicated blocks was assigned the grade of those blocks captured in the dilution envelope using the current mineral resource estimate.
  • The Company utilizes certain non-IFRS measures, including C1 cash cost of gold produced, which are not measures recognized under IFRS.
  • The set of samples was taken from the current mineral resource estimate zone as well as adjacent areas.

Baloise Group Signs Contract to Fulfill IFRS 17 Reporting and Compliance Requirements With Systemorph Solution

Tuesday, November 24, 2020 - 6:00am

ZURICH, Switzerland, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Systemorph, a leader in data management solutions for insurance and banking, today announced that it signed a contract with Baloise Group to implement and run its IFRS 17 solution for Baloise Group to comply with the new international reporting standard.

Key Points: 
  • ZURICH, Switzerland, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Systemorph, a leader in data management solutions for insurance and banking, today announced that it signed a contract with Baloise Group to implement and run its IFRS 17 solution for Baloise Group to comply with the new international reporting standard.
  • The Systemorph IFRS 17 solution includes all group-wide calculation functions required to comply with the accounting standard and will be used by Baloise Group for its IFRS 17 reporting.
  • Baloise Group chose the Systemorph solution because it delivers an important part in the overall auditable end-to-end reporting process.
  • After the implementation phase Systemorph will provide the IFRS 17 solution as Software-as-a-Service (SaaS) for Baloise Group.

TCS Group Holding PLC: PDMR Transactions

Monday, November 23, 2020 - 8:02pm

TCS Group Holding PLC is an innovative provider of online retail and SME financial services.

Key Points: 
  • TCS Group Holding PLC is an innovative provider of online retail and SME financial services.
  • The Group is currently developing Tinkoff ecosystem, which offers financial and lifestyle services.
  • The Group was founded in 2006 by Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.
  • The 3Q 2020 IFRS net income of TCS Group Holding PLC amounted to RUB 12.6 bn.

DGAP-News: HAEMATO AG: The sales of HAEMATO AG increased in the first nine months of 2020 by 23.8 % compared to the same period of the previous year to 175.6 million EUR

Monday, November 23, 2020 - 4:04pm

The sales of HAEMATO AG increased in the first nine months of 2020 by 23.8 % compared to the same period of the previous year to 175.6 million EUR.

Key Points: 
  • The sales of HAEMATO AG increased in the first nine months of 2020 by 23.8 % compared to the same period of the previous year to 175.6 million EUR.
  • HAEMATO AG, Berlin (ISIN: DE000A289VV1), achieved IFRS group sales of EUR 59.8 million in the third quarter of 2020 (previous year: EUR 47.8 million).
  • For the observed period from January to September 2020, sales totaled EUR 175.6 million (previous year: EUR 141.8 million).
  • As one of the leading providers of specialty pharmaceuticals, the HAEMATO Group benefits from competition in the primary healthcare market.

METALLOINVEST ANNOUNCES INTERIM FINANCIAL RESULTS FOR 9M 2020

Monday, November 23, 2020 - 1:15pm

Moscow, Russia - 23 November 2020 - Metalloinvest ('the Company'), a leading global iron ore and HBI producer, and one of the regional producers of high-quality steel, today announces its IFRS financial results (unaudited) for the third quarter and nine months ended 30 September 2020.

Key Points: 
  • Moscow, Russia - 23 November 2020 - Metalloinvest ('the Company'), a leading global iron ore and HBI producer, and one of the regional producers of high-quality steel, today announces its IFRS financial results (unaudited) for the third quarter and nine months ended 30 September 2020.
  • Alexey Voronov, Deputy CEO - Chief Financial Officer of Management Company Metalloinvest, commented:
    "In the nine months of 2020, the Company's results were expectedly under pressure due to the deterioration of economic activity in global markets, which primarily affects the structure of markets and prices, driven by increased transportation costs.
  • The sales markets grew in Q3, EBITDA increased 9% compared to Q2 2020.
  • We expect positive dynamics to continue in 2020.

TerrAscend Reports Record Third Quarter 2020 Net Sales of $51 Million and Adjusted EBITDA(1) of $17.8 Million

Thursday, November 19, 2020 - 12:00pm

Certain financial measures in this news release are non-IFRS measures, including EBITDA, Adjusted EBITDA, and Adjusted Net Income.

Key Points: 
  • Certain financial measures in this news release are non-IFRS measures, including EBITDA, Adjusted EBITDA, and Adjusted Net Income.
  • These terms are not defined by IFRS and, therefore, may not be comparable to similar measures provided by other companies.
  • The Company measures Adjusted net income as Net Income / (loss) plus revaluation of contingent consideration plus net increase in fair value of warrant and derivative liabilities.
  • Except as required by applicable Canadian securities laws, TerrAscend undertakes no obligation to update the financial outlook.

Copa Holdings Reports Financial Results for the Third Quarter of 2020

Wednesday, November 18, 2020 - 9:30pm

PANAMA CITY, Nov 18, 2020 /PRNewswire/ --Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the third quarter of 2020 (3Q20).

Key Points: 
  • PANAMA CITY, Nov 18, 2020 /PRNewswire/ --Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the third quarter of 2020 (3Q20).
  • The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS).
  • See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release.
  • Excluding the aircraft classified as assets held for sale, Copa Holdings ended the quarter with a consolidated fleet of 74 aircraft 68 Boeing 737-800s and 6 Boeing 737MAX9s.

Hello Pal Announces $1,500,000 in Revenue for October 2020

Wednesday, November 18, 2020 - 1:00pm

Gross profit of $174,411 for the quarter ended August 31, 2020 and $185,415 for the six months ended August 31, 2020.

Key Points: 
  • Gross profit of $174,411 for the quarter ended August 31, 2020 and $185,415 for the six months ended August 31, 2020.
  • To download Hello Pal, Language Pal, Travel Pal or the proprietary Phrasebooks please visit the IOS or Android store.
  • Although Hello Pal is currently generating revenues, Hello Pal remains in the growth stage and such revenues are yet to be profitable.
  • Under IFRS, total receipts may be higher than revenue as a portion of the revenue is received by agents of Hello Pal.