IFRS 16

Accountants Invest in Technology To Keep Up With Mounting Demands – LeaseQuery Survey

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Wednesday, November 2, 2022
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Automation has become the accountants best friend, says Sarah OSullivan , Director of Product Accounting at LeaseQuery .

Key Points: 
  • Automation has become the accountants best friend, says Sarah OSullivan , Director of Product Accounting at LeaseQuery .
  • Accountants are facing mounting pressure to deliver more accurate results in less time, and they are increasingly turning to technology to help scale their work.
  • For more on todays accounting technology investments and challenges, read the full report: Annual Accountants Survey: Top Challenges & Tech Wishlist .
  • ABOUT THE ANNUAL ACCOUNTANTS SURVEY: TOP CHALLENGES & TECH WISHLIST
    LeaseQuerys Annual Accountants Survey: Top Challenges & Tech Wishlist polled 237 accounting professionals across public, private, nonprofit and government organizations in September of 2022.

EQS-News: MediClin AG: Disclosure of Significant Transactions with Related Parties pursuant to Section 111c of the German Stock Corporation Act (AktG)

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Friday, October 28, 2022
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The Supervisory Board of the Company had approved the conclusion of the settlement on October 25, 2022.

Key Points: 
  • The Supervisory Board of the Company had approved the conclusion of the settlement on October 25, 2022.
  • Parties to the court settlement are in addition to the Company, MediClin GmbH & Co. KG and MediClin Immobilien Verwaltung GmbH ERGO, DKV and Provinzial as well as PATRIZIA Frankfurt Kapitalverwaltungsgesellschaft mbH as trustee of the OIK-Fonds MediClin.
  • ERGO, among others, holds a 70.71% (indirect) stake in the OIK-Fonds MediClin via its wholly owned subsidiary DKV.
  • DKV and ERGO also each hold direct interests in MEDICLIN of 11.81% and 23.19% respectively.

More than 300 CPA Firms Across the Nation Choose LeaseCrunch to Help Clients with New Lease Accounting Standards

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Tuesday, October 18, 2022
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MILWAUKEE, Oct. 18, 2022 (GLOBE NEWSWIRE) -- LeaseCrunch LLC , a leading lease accounting software company, today announces that the companys flagship product has been selected by more than 300 CPA firms across the nation to help their clients implement the new lease standards.

Key Points: 
  • MILWAUKEE, Oct. 18, 2022 (GLOBE NEWSWIRE) -- LeaseCrunch LLC , a leading lease accounting software company, today announces that the companys flagship product has been selected by more than 300 CPA firms across the nation to help their clients implement the new lease standards.
  • In addition, more than 30% of the top 400 CPA firms have chosen LeaseCrunch as their lease accounting tool.
  • LeaseCrunch provides firms with an efficient and accurate way to assist clients with the adoption of the new standards and to audit their lease accounting.
  • More than 120 of the top 400 CPA firms in the United States use the LeaseCrunch platform to manage their clients lease accounting needs.

Bonduelle - 21-22 Annual Results: Business growth and profitability maintained in a particularly adverse environment

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Monday, October 3, 2022
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As announced on July 11, 2022, the difficulties encountered by the ready-to-use fresh business operating segment in North America have led the group to review the profitability perspective of this business.

Key Points: 
  • As announced on July 11, 2022, the difficulties encountered by the ready-to-use fresh business operating segment in North America have led the group to review the profitability perspective of this business.
  • This operation enables the group to continue to deploy its activities, particularly in brands, in line with its strategic priorities and its ambition of sustainable growth with positive impact.
  • For the 2021-2022 financial year, BALL activities were conducted by the Bonduelle Group over the 12 months of the period.
  • The Group's performance prior to the IFRS 5 reclassification is shown below, with details of the restatement.

O'KEY Group S.A.: O`KEY GROUP REPORTS NET PROFIT FOR H1 2022. DA! DISCOUNTERS EBITDA MORE THAN DOUBLED

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Thursday, September 15, 2022
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O'KEY Group S.A.: O`KEYGROUP REPORTS NET PROFIT FOR H1 2022.

Key Points: 
  • O'KEY Group S.A.: O`KEYGROUP REPORTS NET PROFIT FOR H1 2022.
  • DISCOUNTERS EBITDA MORE THAN DOUBLED
    Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
  • discounters EBITDA more than doubled YoY to RUB 1.7 bn, and EBITDA margin reached 6.8%
    The Groups net profit amounted to RUB 0.6 bn in H1 2022, compared to RUB 0.2 bn in H1 2021
    In August 2022, the Group paid out an interim dividend of EUR 8.5 mln.
  • The Group demonstrated a year-on-year improvement in both gross and EBITDA margins in H1 2022.

Linedata Services: First-half results 2022 EBITDA: +0.4% NET PROFIT: +12.4%

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Monday, September 12, 2022
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This reflects new recruitments over the period but also an overall increase in employee costs due to a 2022 policy of increasing compensation, to increase the attractiveness of Linedata in a very competitive labour market.

Key Points: 
  • This reflects new recruitments over the period but also an overall increase in employee costs due to a 2022 policy of increasing compensation, to increase the attractiveness of Linedata in a very competitive labour market.
  • It reflects an increase in allocations to amortisation linked to capitalised R&D relative to the new platforms (in particular Linedata AMP and Linedata EKIP360).
  • After taxes of 4.1m, net profit was 12.3m, up 12.4%, bringing the net margin to 14.9% (+0.4 pts vs. H1 2021).
  • Headquartered in France, Linedata achieved revenues of EUR 160.2 million in 2021 and is listed on Euronext Paris compartment B FR0004156297-LIN Reuters LDSV.PA Bloomberg LIN:FP.

For the 3rd Straight Year, LeaseQuery Appears on the Inc. 5000, With a Three-Year Revenue Growth of 304 Percent

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Wednesday, August 17, 2022
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We are honored to receive this recognition for the third year in a row, said George Azih, CEO and founder of LeaseQuery.

Key Points: 
  • We are honored to receive this recognition for the third year in a row, said George Azih, CEO and founder of LeaseQuery.
  • Our phenomenal growth is a direct reflection of our company values and commitment to simplifying accountings greatest complexities.
  • Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent.
  • Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021.

DGAP-News: Gerry Weber International AG: GERRY WEBER International AG reports noticeable increase in sales and normalised EBITDA for first half of 2022

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Thursday, August 11, 2022
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27,4% to EUR 26.5 million

Key Points: 
  • 27,4% to EUR 26.5 million
    Halle/Westphalia, 11 August 2022 GERRY WEBER International AG today presented its interim financial report for the first six months of the fiscal year 2022.
  • The GERRY WEBER Group as a whole generated sales of EUR 157.0 million in the first half of 2022 (previous year: EUR 105.8 million).
  • Retail sales picked up by 78.8% to EUR 75.8 million in the reporting period (previous year: EUR 42.4 million).
  • In addition to the GERRY WEBER brand, the GERRY WEBER Group also owns the younger TAIFUN brand and the plus-size brand SAMOON.

LeaseQuery Channel Partner Program Achieves 287% Growth

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Wednesday, August 10, 2022
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LeaseQuery , a leading provider of software built to simplify the complexities of accounting, today announced the expansive growth of its channel program in recent years.

Key Points: 
  • LeaseQuery , a leading provider of software built to simplify the complexities of accounting, today announced the expansive growth of its channel program in recent years.
  • The goal of LeaseQuerys channel partner program is to make lease accounting painless for every partners clients by providing exclusive training on the LeaseQuery platform and enhanced business processes along the way.
  • Major milestones in growth and education surpassed by LeaseQuerys channel partner program include:
    LeaseQuerys channel partner program experienced a 287% revenue growth rate overall from 2021 to 2022, including a 92% growth rate on new customer opportunities and a 150% growth rate in active partners.
  • Partners are true growth accelerants, and investing in them means investing in mutual success," said Joe Gruca, CRO of LeaseQuery.

DGAP-News: Wacker Neuson SE: Wacker Neuson reports strong growth in first half of 2022

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Tuesday, August 9, 2022
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Wacker Neusons own rental and service business also developed on a positive trajectory, as did the high-margin spare parts business.

Key Points: 
  • Wacker Neusons own rental and service business also developed on a positive trajectory, as did the high-margin spare parts business.
  • As part of its plan to diversify its sales strategy, Wacker Neuson on-boarded additional authorized dealers in North America in the first half of 2022.
  • There was sustained strong growth in Australia here, but the Group faced a contracting construction equipment market in China.
  • The definition of net financial debt as applied by the Wacker Neuson Group does not include lease liabilities in accordance with IFRS 16.