IFRS 16

CGG: CGG Provides Q4 & Full Year 2021 Financial Update

Retrieved on: 
Monday, January 10, 2022
IFRS 16, ISIN, Sale, Review, Solution, IFRS, CGG, Euronext Paris, Company, RCF, Segment, Chemical, Pet

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

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

Delta Galil Announces Preliminary 2022 Guidance and Reaffirms 2021 Guidance

Retrieved on: 
Wednesday, December 15, 2021
Supply Chain Management, Manufacturing, Fashion, Textiles, Retail, Forward-looking statement, EBITDA, PJ, Company, IFRS, Industry, Environment, Woman, Income, COVID-19, Name, Nature, Depreciation, Financial regulation, Acquisition, Wilson, Hong Kong national security law, Man, Adjustment, Delta Galil Industries, IFRS 16, IMI Galil, Mission statement, Prospectus, Behavior, Risk management, Eminence

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.

Survey Predicts Challenging Transition Ahead for Private Companies as ASC 842 Compliance Deadline Approaches - LeaseQuery Report

Retrieved on: 
Tuesday, December 14, 2021
Professional Services, Other Professional Services, Finance, Consulting, Banking, Accounting, Face, Solution, Great, GASB, IFRS, COVID-19, Acquisition, Adoption, FASB, Risk, Safety, IASB, Privately held company, Efficiency, Software, Multimedia, ASC, IFRS 16, Compliance, Technology, Health, Online shopping

With the final ASC 842 lease accounting compliance deadline finally in sight, private companies are quickly shifting focus after 73% deprioritized their lease accounting transition in 2020, according to a new report, To the ASC 842 Finish Line and Beyond: A Survey of How Private Companies Are Preparing for the Lease Accounting Transition , from accounting technology provider, LeaseQuery .

Key Points: 
  • With the final ASC 842 lease accounting compliance deadline finally in sight, private companies are quickly shifting focus after 73% deprioritized their lease accounting transition in 2020, according to a new report, To the ASC 842 Finish Line and Beyond: A Survey of How Private Companies Are Preparing for the Lease Accounting Transition , from accounting technology provider, LeaseQuery .
  • View the full release here: https://www.businesswire.com/news/home/20211214005932/en/
    LeaseQuery Survey Predicts Challenging Transition Ahead for Private Companies as ASC 842 Compliance Deadline Approaches (Photo: Business Wire)
    In a survey of more than 270 accounting and finance professionals, LeaseQuery asked accountants - many of whom are still in the beginning stages of their company transition journey - to share their biggest priorities and roadblocks as the FASB ASC 842 lease accounting deadline approaches.
  • Private companies predict a challenging road ahead as they prepare for adoption in correlation with new significant changes to the face of financials over the last year.
  • For more information, read the full report: To the ASC 842 Finish Line and Beyond: A Survey of How Private Companies are Preparing for the Lease Accounting Transition .

Telecure Technologies Inc. Announces Amended & Restated Interim Q1 and Q2 Financial Statements and MD&A of MyApps, Suspension of CEO Adnan Malik, and Continuing and Ongoing Role of Joshua Rosenberg as COO

Retrieved on: 
Friday, December 10, 2021
IFRS, International Review of Economics & Finance, Chairperson, Board, Canadian Securities Exchange, Technology, IFRS 16, Sustainability Accounting Standards Board, Classification, FSE, Financial statement, CEO, Disclosure, Audit committee, Company, SEDAR, News, Mission statement, Learning, Telehealth, Marketing, CSE, Acquisition, Board of directors, Depreciation, MD, Management, Security (finance), Animal, Audit

The correct accounting for each of the above was included in Telecure's Q3 financial report for the nine months ended September 30, 2021.

Key Points: 
  • The correct accounting for each of the above was included in Telecure's Q3 financial report for the nine months ended September 30, 2021.
  • The Company's CEO, Mr. Malik, a founder of MyApps, has been suspended pending completion of the Internal Review.
  • Copies of the MyApps Amended Financial Reports will be available under the Company's profile on SEDAR at www.sedar.com .
  • Each of the MyApps Amended Financial Reports will replace and supersede the respective previously filed original financial statements and corresponding management's discussion and analysis.

LeaseQuery Announces Multiple Lease Accounting Summits

Retrieved on: 
Wednesday, December 8, 2021
Technology, Finance, Banking, Other Technology, Accounting, Professional Services, Software, Data Management, Other Professional Services, Steps, Risk, Technology, RGP, Lease, IFRS, 87, ASC, Efficiency, CEO, Software, Accounting, IFRS 16, Responsibility assignment matrix, SMART Business Advisory and Consulting, GASB, Government, Middleby Corporation, CPA, VP, Senior, DHG, Consultant, IASB, FASB, Hotel manager, Solution, CPE, CFO, Financial management, Property management, Management, Audit

LeaseQuery , a leading provider of software built to simplify the complexities of accounting, today announced two new installments of their LEASE (Lease Essentials: Advice Shared by the Experts) Summit, the FASB Series and GASB Series .

Key Points: 
  • LeaseQuery , a leading provider of software built to simplify the complexities of accounting, today announced two new installments of their LEASE (Lease Essentials: Advice Shared by the Experts) Summit, the FASB Series and GASB Series .
  • Speakers include experts from LeaseQuery, RGP, DHG, and Baker Tilly, as well as LeaseQuery customer Middleby Corporation.
  • Speakers include accounting experts from LeaseQuery, Baker Tilly, RGP, and Grant Thornton, as well as LeaseQuery customer Suwanee School District.
  • GASB 87: A Detailed Transition Example: Rachel Reed, Accounting Manager, LeaseQuery, will explore the lease accounting changes created by GASB 87 in detail, including a demonstration of applying GASB 87 concepts to real-life contract components.

Moss Adams Selects LeaseCrunch to Help Clients Implement New Lease Standards

Retrieved on: 
Tuesday, December 7, 2021
Moss Adams, IFRS 16, Documentation, Mission statement, GASB, Time, ASC, National, Knowledge, CEO, IFRS, Software, Adoption, Property management, Audit

MILWAUKEE, Dec. 7, 2021 /PRNewswire-PRWeb/ --LeaseCrunch, a cloud-based lease accounting software company, today announced that Moss Adams, one of the largest accounting, consulting and wealth management firms in the nation, selected LeaseCrunch to help clients implement the new lease accounting standards.

Key Points: 
  • MILWAUKEE, Dec. 7, 2021 /PRNewswire-PRWeb/ --LeaseCrunch, a cloud-based lease accounting software company, today announced that Moss Adams, one of the largest accounting, consulting and wealth management firms in the nation, selected LeaseCrunch to help clients implement the new lease accounting standards.
  • Many clients look to Moss Adams for knowledge and guidance on the adoption and nuances of the applicable standard.
  • "We're thrilled to simplify certain aspects of the new lease accounting standards for clients of Moss Adams and provide a tool for the firm to use in its audit procedures related to a client's lease accounting when such calculations are performed using a means other than LeaseCrunch."
  • LeaseCrunch helps organizations implement the new lease accounting standards, ASC 842, GASB 87, GASB 96, and IFRS 16.

New NetLease product makes ASC 842 and IFRS 16 compliance more accessible

Retrieved on: 
Wednesday, December 1, 2021
CPAS, Disclosure, Automation, CEO, IFRS 16, Forecasting, Compliance, Solution, GASB, GL, ROU, NetSuite, Organization, IFRS, ASC, FASB, Audit

ASC 842 and IFRS 16 (already in effect) require specialized solutions for any size of organization.

Key Points: 
  • ASC 842 and IFRS 16 (already in effect) require specialized solutions for any size of organization.
  • A new lease accounting product, NetLease Go, not only delivers compliance, it automates compliance.
  • NetLease Go, not only delivers compliance, it automates compliance for as little as free.
  • By offering a zero-cost, entry-level solution, Netgain seeks to make FASB and IFRS lease compliance accessible to companies of all sizes.

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

Retrieved on: 
Wednesday, December 1, 2021
London Stock Exchange, BB, RUB, London, LSE, Standard, Forward-looking statement, IFRS 16, EBITDA, City, MOEX, Bookkeeping

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.