IFRS 16

Equinor fourth quarter 2021 and year end results

Retrieved on: 
Wednesday, February 9, 2022
Renewable resource, Risk management, Contract, Growth, Norwegian continental shelf, IFRS 16, PDO, RRR, Use, Comparison, Board, Solution, Investment, Share repurchase, Norwegian State Educational Loan Fund, IFRS, Leadership, Efficiency, Danske Commodities, Technology, Calculated, Hydrogen, Kilowatt-hour, SIF, Forward-looking statement, NYSE, USD, Henry Hub, CPP Investment Board, CEO, Tax, Bacalhau, Society, Wind, Ambition, Anders Opedal, Carbon, Sailor, CO2, Marketing, Continental shelf, Video game, Bookkeeping, Bank, Renewable energy, Coal, Lithium, Cryptocurrency, Security (finance), Equinor, Troll

IFRS net income was USD 3.37 billion in the quarter, compared to negative USD 2.41 billion in the fourth quarter of 2020.

Key Points: 
  • IFRS net income was USD 3.37 billion in the quarter, compared to negative USD 2.41 billion in the fourth quarter of 2020.
  • Following the high results for gas derivatives in third quarter, there has been a negative effect when the volumes have been delivered in the European gas market in the fourth quarter.
  • In 2021 Equinor completed 21 exploration wells with 8 commercial discoveries and 4 wells were ongoing at year end.
  • In addition, the board proposes an extraordinary cash dividend of USD 0.20 per share, per quarter from fourth quarter 2021 to third quarter 2022.

Aker Solutions ASA: Fourth-Quarter Results 2021

Retrieved on: 
Tuesday, February 8, 2022
Zero, Carbon, Policy, Doosan Babcock, Unitech, Mero, Contract, DeepOcean, Growth, IFRS 16, Solution, Time, Board, IFRS, Feed, FEED, Valhall, Petrobras, NOK, EBITDA, Aker Solutions, Wind, Environment, Siemens Energy, Solstad Farstad, Heerema Marine Contractors, Engineering, BP, Board of directors, Recycling, FPSO, Acquisition, Video game, Renewable energy

I am very proud of our employees for making this great achievement possible," said Kjetel Digre, chief executive officer of Aker Solutions.

Key Points: 
  • I am very proud of our employees for making this great achievement possible," said Kjetel Digre, chief executive officer of Aker Solutions.
  • Aker Solutions is well positioned to take full advantage of opportunities ahead," said Digre.
  • Aker Solutions generated a strong free cashflow before repayment of debtof NOK 1.7 billion in 2021 and the company's financial position is solid.
  • As one of two consortiums awarded this FEED, Aker Solutions is executing the FEED through its consortium with Doosan Babcock and Siemens Energy, and with Aker Carbon Capture as subcontractor.

Aker Solutions ASA: Fourth-Quarter Results 2021

Retrieved on: 
Tuesday, February 8, 2022
Zero, Carbon, Policy, Doosan Babcock, Unitech, Mero, Contract, DeepOcean, Growth, IFRS 16, Solution, Time, Board, IFRS, Feed, FEED, Valhall, Petrobras, NOK, EBITDA, Aker Solutions, Wind, Environment, Siemens Energy, Solstad Farstad, Heerema Marine Contractors, Engineering, BP, Board of directors, Recycling, FPSO, Acquisition, Video game, Renewable energy

I am very proud of our employees for making this great achievement possible," said Kjetel Digre, chief executive officer of Aker Solutions.

Key Points: 
  • I am very proud of our employees for making this great achievement possible," said Kjetel Digre, chief executive officer of Aker Solutions.
  • Aker Solutions is well positioned to take full advantage of opportunities ahead," said Digre.
  • Aker Solutions generated a strong free cashflow before repayment of debtof NOK 1.7 billion in 2021 and the company's financial position is solid.
  • As one of two consortiums awarded this FEED, Aker Solutions is executing the FEED through its consortium with Doosan Babcock and Siemens Energy, and with Aker Carbon Capture as subcontractor.

Magnit announces the exclusion of its bonds from the 'First Level' section of the list of securities admitted to trading at Moscow Exchange due to their redemption

Retrieved on: 
Friday, February 4, 2022
IFRS 16, City, Forward-looking statement, MOEX, LSE, London, RUB, Standard, London Stock Exchange, EBITDA, Bookkeeping, Magnit

As of December 31, 2021, Magnit operated 45 distribution centers and 26,077 stores in 3,898 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of December 31, 2021, Magnit operated 45 distribution centers and 26,077 stores in 3,898 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the unaudited IFRS 16 management accounts results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 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.

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

Retrieved on: 
Friday, January 28, 2022
TGG, Legislation, Public health, EBIT, MAR, UK Municipal Bonds Agency, Incineration, Special Division, Goal, Group, ESG, Carbon, Board, IFRS 16, Environment, RIVM, IFRS, RWI, Renewi, Innovation, Investment, LSE, Soil, ATM, Oil, Recycling, Acht, EU

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
Software, Technology, Accounting, Professional Services, IASB, Risk, IFRS 16, IFRS, Software, GASB, Accounting, Efficiency, FASB, Solution, Technology, ASC, Compliance, CEO, Mobile phone, Online shopping

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
City, Forward-looking statement, LSE, London Stock Exchange, London, IFRS 16, RUB, EBITDA, BB, MOEX, Standard, Bookkeeping, Magnit

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
Cloud, IFRS 15, Adjusted gross income, GAAP, IFRS 16, EBITDA, SUSE, IFRS, Leverage, NRR, Intellectual property, Element, Mark (given name), Revenue stream, APM, ARR, DGAP, Customer, News, Company, IHV, Contract, Depreciation, Cash conversion cycle, Cropping system, RPO, Bookkeeping, Security (finance), Reinsurance, Bank, ACV, Adjustment, Group

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
Aviation, Accounting, IFRS 16, International, Documentation, IFRS, International Financial Reporting Standards, Senior, Freedom, Solution, Software, LloydsPharmacy, Efficiency, Work, MRI, Property technology, MRI Software, Organization, Property management

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
City, Forward-looking statement, LSE, London Stock Exchange, London, IFRS 16, RUB, EBITDA, MOEX, Standard, Bookkeeping, Magnit

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.