IFRS 16 | Jotup

Sword Group - Confirmation of the Performance Announced on January 27

Retrieved on:

Wednesday, March 11, 2020

Economy, Finance, Money, Financial regulation, International Financial Reporting Standards, Dividend, IFRS 16, Organic growth

2019 was stable within its perimeter with only one small acquisition, at the end of the year (November), so with no significant impact on the figures.

Key Points:

2019 was stable within its perimeter with only one small acquisition, at the end of the year (November), so with no significant impact on the figures.
The company outperformed in terms of organic growth in relation to its initial budget, +20.7% compared with a budget of +12%.
It is important to note that in 2019, 100% of the Groups entities outperformedin relation to their budget.
With a strong net cash position (70.8 million, not including the impact of IFRS 16), the Group has the wherewithal to pursue its dividend policy, to envisage strong organic growth, to fund new initiatives and to make acquisitions, if the market allows.

Greenbrook TMS Reports Record Fourth Quarter and Year End 2019 Financial Results

Retrieved on:

Wednesday, March 11, 2020

Biotechnology, General Health, Health, Other Health, Economy, Accounting, Finance, Financial regulation, International Financial Reporting Standards, Financial statement, IFRS 16, Financial result, IFRS 1, Chief financial officer

(1) Please note that additional selected consolidated financial information can be found at the end of this press release.

Key Points:

(1) Please note that additional selected consolidated financial information can be found at the end of this press release.
(3) The Company adopted IFRS 16 effective as at January 1, 2019 using the modified retrospective approach.
For more information, please refer to the Managements Discussion & Analysis of Financial Condition and Results of Operations (MD&A) and the consolidated financial statements of the Company for fiscal year ended December 31, 2019 and 2018.
Fourth Quarter and Year End 2019 Conference Call Details:
Bill Leonard, President and Chief Executive Officer and Erns Loubser, Chief Financial Officer will host a conference call at 10:00 a.m. (Eastern Time) on March 11, 2020 to discuss the financial results for the quarter.

LeaseCrunch offers Seven Keys in Selecting Lease Accounting Software

Retrieved on:

Thursday, March 5, 2020

Economy, Leasing, Finance, Accounting, Financial accounting, IFRS 16, International Financial Reporting Standards, Business law

Opting to use software is a smarter choice, but brings its own separate dilemma: how do you choose the right lease accounting software for your needs?

Key Points:

Opting to use software is a smarter choice, but brings its own separate dilemma: how do you choose the right lease accounting software for your needs?
Consider the following seven areas in selecting the best lease accounting software solution for you and your clients.
Accurately entering existing lease data into the software is a critical piece in choosing the right lease accounting solution.
Dig deeper into lease accounting software pricing considerations here: leasecrunch.com/blog/lease-accounting-software-pricing-considerations
Named by Accounting Today as one of the top new products of 2019, LeaseCrunch provides cloud-based lease accounting software for CPA firms, designed to help organizations implement the new lease accounting standards, ASC 842 and IFRS 16.

FEMSA Announces Fourth Quarter and Full Year 2019 Results

Retrieved on:

Thursday, February 27, 2020

International Financial Reporting Standards, Financial regulation, Economy, IFRS 16, IFRS 1, Finance, Financial statement, Business, Draft:Cultural influence on accounting standards' global convergence

Actual results are subject to future events and uncertainties, which could materially impact our actual performance.

Key Points:

Actual results are subject to future events and uncertainties, which could materially impact our actual performance.
2 Comparable 2018 Results: Starting on the first quarter of 2019, we adopted the International Financial Reporting Standard 16 Leases (IFRS 16) across all our business units.
The Comparable Results is a set of numbers which estimate the retroactive effect that the adoption of IFRS 16 would have had on FEMSAs 2018 financial results.
The performance comparisons expressed in this document will be made relative to the Comparable Results unless stated otherwise.

Ekinops 2019 Annual Results: Revenue +11% - EBITDA +43%

Retrieved on:

Wednesday, February 26, 2020

Economy, Finance, Money, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, Operating cash flow, International Financial Reporting Standards, IFRS 16

The revenue outside of France grew significantly in 2019 at 28.5%.

Key Points:

The revenue outside of France grew significantly in 2019 at 28.5%.
2019 EBITDA came to 15.0million, up 43% from 2018 driven by tight management of the cost structure.
2019 EBITDA margin came to 16.0% (14.0% excluding IFRS 16 impact) versus 12.4% in 2018.
14.0 million net cash[1] as of December 31, 2019
During 2019 Ekinops generated operating cash flow of 10.5 million.

Avast plc Full Year Results For The Year Ended 31 December 2019

Retrieved on:

Wednesday, February 26, 2020

Economy, Money, Articles, Leasing, Financial regulation, International Financial Reporting Standards, Financial statement, IFRS 16, Asset, International Financial Reporting Standards requirements

Further definitions (see 'PRESENTATION OF RESULTS AND DEFINITIONS') and reconciliations (see 'FINANCIAL REVIEW') of non-GAAP measures are included in the notes to the financial statements.

Key Points:

Further definitions (see 'PRESENTATION OF RESULTS AND DEFINITIONS') and reconciliations (see 'FINANCIAL REVIEW') of non-GAAP measures are included in the notes to the financial statements.
8 On 1 February 2019 Avast plc sold the non-core asset of Managed Workplace, its remote monitoring and management product, to Barracuda Networks, Inc. ('Barracuda').
In the year ended 31 December 2018 the asset generated low teen revenue (USD million) with a materially lower margin profile than the Group.
Net Debt as of 31 December 2018 adjusted for opening balance of IFRS 16 lease liabilities would be $1,209.9m.

KLP Selects Moody's Analytics Solution for IFRS 17 Implementation

Retrieved on:

Tuesday, February 25, 2020

KLP will use the Moodys Analytics RiskIntegrity for IFRS 17 solution to address the new IFRS 17 accounting framework for insurance contracts.

Key Points:

KLP will use the Moodys Analytics RiskIntegrity for IFRS 17 solution to address the new IFRS 17 accounting framework for insurance contracts.
The RiskIntegrity solution for IFRS 17, combined with Moodys Analytics expertise in this area, will enable KLP to confidently meet the new financial reporting requirements under IFRS 17, said Bjrn Rnningsbakken, Senior Vice President of Accounting at KLP.
We are delighted that KLP has selected our solution for their implementation of IFRS 17, which is a priority for insurance companies worldwide.
This month, Moodys Analytics won IFRS 17 Solution of the Year at the annual InsuranceERM awards.

WildBrain Reports Results For Q2 2020

Retrieved on:

Thursday, February 13, 2020

Economy, Finance, Money, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, International Financial Reporting Standards, Leasing, IFRS 16, IFRS 1

WildBrain Spark revenue grew 21% to $24.2 million in Q2 2020, fueled by growing viewership on our AVOD network.

Key Points:

WildBrain Spark revenue grew 21% to $24.2 million in Q2 2020, fueled by growing viewership on our AVOD network.
Gross margin increased to 45% and 44% in Q2 2020 and H1 2020, respectively.
Adjusted EBITDA rose to $25.6 million in Q2 2020 and to $45.2 million in H1 2020.
The adoption of the IFRS 16 accounting standard for leases positively impacted adjusted EBITDA by $2.3 million in Q2 2020.

CIBT Reports Financial Results for First Quarter of Fiscal 2020

Retrieved on:

Tuesday, January 14, 2020

Economy, Finance, Money, Financial regulation, International Financial Reporting Standards, Sprott Shaw College, Fundamental analysis, Earnings before interest, taxes, depreciation, and amortization, Financial ratio, Sprot, IFRS 16

(2) The application of IFRS 16, Leases, results in higher EBITDA and Adjusted EBITDA.

Key Points:

(2) The application of IFRS 16, Leases, results in higher EBITDA and Adjusted EBITDA.
(3) Previously reported EBITDA and Adjusted EBITDA of $4,042 and $942, respectively, changed to include all interest expense.
Please refer to the note at the end of this news release concerning non-IFRS financial measures.
Its education providers include Sprott Shaw College (established in 1903), Sprott Shaw Language College, Vancouver International College and CIBT School of Business.

Accounting for Leases: New Rules 2020 (ASC 842) - 2-Day Conference Covering New Guidance and Addressing the Latest Developments in Key Areas (Burlingame, CA, USA - March 23-24, 2020)

Retrieved on:

Friday, December 20, 2019

Economy, Generally Accepted Accounting Principles, International Financial Reporting Standards, Accounting, Business, Leasing, IFRS 16, Financial Accounting Standards Board

DUBLIN, Dec. 20, 2019 /PRNewswire/ -- The "Accounting for Leases: New Rules 2020 (ASC 842)" conference has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Dec. 20, 2019 /PRNewswire/ -- The "Accounting for Leases: New Rules 2020 (ASC 842)" conference has been added to ResearchAndMarkets.com's offering.
The new Leasing Standard has finally been issued.
The new guidance standardizes how companies should account for leases under U.S. GAAP and IFRS.
This conference will go through the new guidance and address the latest developments in key areas, significant changes, scope, disclosure and impacts.