IFRS 16

Renewi plc: Third Quarter Trading update and material upgrade to expectations

Retrieved on: 
Friday, January 28, 2022 - 7:02am

Renewi plc (LSE: RWI), the leading European waste-to-product business, announces its trading update for the third quarter ended 31 December 2021 ("third quarter" or the "period").

Key Points: 
  • Renewi plc (LSE: RWI), the leading European waste-to-product business, announces its trading update for the third quarter ended 31 December 2021 ("third quarter" or the "period").
  • Overall trading for the Group in the period has continued to be very strong, driven by continuing high recyclate prices, and the Board today announces a further material upgrade to its expectations for the year ending 31 March 2022.
  • The Commercial Waste Division has continued to perform very well in the third quarter.
  • Volumes in the Netherlands and Belgium in the third quarter were 91% and 93% of prior year respectively.

LeaseQuery Identified as the Market Leader in the G2 Winter Lease Accounting Grid Report

Retrieved on: 
Tuesday, January 25, 2022 - 2:00pm

LeaseQuery , a leading provider of software built to simplify the complexities of accounting, today announced that it has been identified as the market leader in the G2 Winter Lease Accounting Grid Report .

Key Points: 
  • LeaseQuery , a leading provider of software built to simplify the complexities of accounting, today announced that it has been identified as the market leader in the G2 Winter Lease Accounting Grid Report .
  • The report breaks down the latest market trends in technology and software based on user reviews, and LeaseQuery was ranked number one for lease accounting software.
  • We are proud to offer the best lease accounting solution on the market, said George Azih, founder and CEO of LeaseQuery.
  • The continued validation of our solution through G2 recognition further proves that LeaseQuery is setting the standard for lease accounting in the market so that our customers can comply with confidence.

Magnit announces dividend payment update

Retrieved on: 
Monday, January 24, 2022 - 10:02am

As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the unaudited IFRS 16 management accounts results for 9M 2021, Magnit had revenues of RUB 1,311.5 billion and an EBITDA of RUB 151.4 billion.
  • Any forward-looking statement is based on information available to Magnit as of the date of the statement.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

DGAP-News: SUSE S.A.: Strong Performance in FY2021 with Q4 Ahead of Expectations

Retrieved on: 
Thursday, January 20, 2022 - 7:01am

Certain of these measures are derived from the IFRS accounts of the Company and others are derived from management reporting or the accounting or controlling systems of the Group.

Key Points: 
  • Certain of these measures are derived from the IFRS accounts of the Company and others are derived from management reporting or the accounting or controlling systems of the Group.
  • SUSE presents APMs because they are used by management in monitoring, evaluating and managing its business, and management believes these measures provide an enhanced understanding of SUSE's underlying results and related trends.
  • SUSE has defined each of the following APMs as follows:
    "Annual Contract Value" or "ACV": ACV represents the first 12 months monetary value of a contract.
  • The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

LloydsPharmacy chooses MRI Software's Horizon CRE for lease management and accounting

Retrieved on: 
Tuesday, January 18, 2022 - 9:00am

LONDON, Jan. 18, 2022 /PRNewswire/ -- MRI Software, a global leader in real estate solutions, announces that LloydsPharmacy, a leading UK high street brand, has selected MRI Horizon CRE to manage its lease portfolio and financial compliance, including International Financial Reporting Standard (IFRS 16). In working with MRI, LloydsPharmacy will deploy Horizon CRE, a cloud-based lease management and accounting platform, to more easily handle their real estate challenges and complexities of IFRS 16. The accounting standard came into effect on 1 January 2019 and requires that all leases be recorded on balance sheets to increase the transparency of business exposure to costs.

Key Points: 
  • In working with MRI, LloydsPharmacy will deploy Horizon CRE, a cloud-based lease management and accounting platform, to more easily handle their real estate challenges and complexities of IFRS 16.
  • "We needed a purpose-built solution to handle the intricacies and nuances of our lease portfolio and automate elements of lease management that would otherwise require manual input.
  • The team at LloydsPharmacy recognises their responsibility to continue to meet today's IFRS 16 lease accounting standards, and we're excited to integrate Horizon CRE into their operations.
  • LloydsPharmacy will be able to proactively manage its lease management requirements and related matters with a tool that allows for effective, clear and accurate information to be communicated to regulators, management, investors and other stakeholders."

Magnit announces the transactions by the person closely associated with persons discharging managerial responsibilities

Retrieved on: 
Friday, January 14, 2022 - 12:05pm

As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the unaudited IFRS 16 management accounts results for 9M 2021, Magnit had revenues of RUB 1,311.5 billion and an EBITDA of RUB 151.4 billion.
  • Any forward-looking statement is based on information available to Magnit as of the date of the statement.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

CGG: CGG Provides Q4 & Full Year 2021 Financial Update

Retrieved on: 
Monday, January 10, 2022 - 6:30am

Q4 2021 Segment Revenue expected at around $301 million, up 15% sequentially and up 12% year-on year

Key Points: 
  • Q4 2021 Segment Revenue expected at around $301 million, up 15% sequentially and up 12% year-on year
    CGG anticipates Q4 2021 segment revenue at around $301 million, up 15% sequentially proforma (excluding GeoSoftware) and up 12% year-on-year proforma (excluding GeoSoftware).
  • CGG anticipates full year 2021 segment revenue at around $941 million.
  • CGG anticipates 2021 positive Net Cash Flow around $15 million before $(40) million refinancing cash costs.
  • CGG anticipates year-end 2021 Net debt (before IFRS 16) to be around $865 million.

S&P Global Ratings upgraded Magnit's credit rating to 'BB+' level

Retrieved on: 
Tuesday, December 21, 2021 - 1:42am

Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar.

Key Points: 
  • Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar.
  • As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.
  • Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Magnit announces the EGM results

Retrieved on: 
Monday, December 20, 2021 - 11:41am

As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the unaudited IFRS 16 management accounts results for 9M 2021, Magnit had revenues of RUB 1,311.5 billion and an EBITDA of RUB 151.4 billion.
  • Any forward-looking statement is based on information available to Magnit as of the date of the statement.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Delta Galil Announces Preliminary 2022 Guidance and Reaffirms 2021 Guidance

Retrieved on: 
Wednesday, December 15, 2021 - 2:47pm

Delta Galil is a global manufacturer and marketer of branded and private label apparel products for men, women and children.

Key Points: 
  • Delta Galil is a global manufacturer and marketer of branded and private label apparel products for men, women and children.
  • Delta Galil also designs, develops markets and sells branded denim and apparel under the brand 7 For All Mankind, and ladies apparel under the brands Splendid and Ella Moss, among others.
  • In addition, it sells its products under brand names licensed to the company, including Wilson, Spalding, Tommy Hilfiger and others.
  • These statements discuss future expectations, contain projections of results of operations or of financial condition or state other forward-looking information.