Det är väl bara titta på IFRS16. Boendet är också en liability ;).
April 1, 2025 at 8:35 PM
Det är väl bara titta på IFRS16. Boendet är också en liability ;).
Movie Night. Hoping for some good discussion on IFRS16 presentation and revisions to IAS2.
June 14, 2025 at 7:02 PM
Movie Night. Hoping for some good discussion on IFRS16 presentation and revisions to IAS2.
keine ahnung ich glaub meine interessen sind gerade nicht ganz zeitgemäß vllt doch noch schnell ins controlling oder wirtschaftsprüfer werden ich weiß noch was EBITDA und leasing nach IFRS16 ist
March 2, 2026 at 1:57 PM
keine ahnung ich glaub meine interessen sind gerade nicht ganz zeitgemäß vllt doch noch schnell ins controlling oder wirtschaftsprüfer werden ich weiß noch was EBITDA und leasing nach IFRS16 ist
Proact är verkligen en kassaflödesmaskin. Kassan bara växer. Nu uppe i nästan 600 mkr nettokassa exklusive leasingåtaganden (IFRS16), ca 17% av börsvärdet. Hade suttit fint med ett förvärv, men det är väl frågan när det kommer ske nu när Jonas har sagt upp sig...
February 24, 2025 at 9:56 AM
Proact är verkligen en kassaflödesmaskin. Kassan bara växer. Nu uppe i nästan 600 mkr nettokassa exklusive leasingåtaganden (IFRS16), ca 17% av börsvärdet. Hade suttit fint med ett förvärv, men det är väl frågan när det kommer ske nu när Jonas har sagt upp sig...
IFRS15
IFRS16 é de leasing
IFRS16 é de leasing
November 7, 2024 at 5:40 PM
IFRS15
IFRS16 é de leasing
IFRS16 é de leasing
Whitbread $WTB UK Premier Inn ROCE chart
ROCE shown as 13.4% in FY18 and 13.0% in FY17
Same figures were reported back then (pre-IFRS16)
WTB adopted IFRS16 at start of FY20 (01-Mar-19)
But IFRS16 reduces FY19 Net Assets by ~7% and Adj. PBT by ~8%, so close to cancelling out?
ROCE shown as 13.4% in FY18 and 13.0% in FY17
Same figures were reported back then (pre-IFRS16)
WTB adopted IFRS16 at start of FY20 (01-Mar-19)
But IFRS16 reduces FY19 Net Assets by ~7% and Adj. PBT by ~8%, so close to cancelling out?
December 21, 2025 at 11:17 PM
Whitbread $WTB UK Premier Inn ROCE chart
ROCE shown as 13.4% in FY18 and 13.0% in FY17
Same figures were reported back then (pre-IFRS16)
WTB adopted IFRS16 at start of FY20 (01-Mar-19)
But IFRS16 reduces FY19 Net Assets by ~7% and Adj. PBT by ~8%, so close to cancelling out?
ROCE shown as 13.4% in FY18 and 13.0% in FY17
Same figures were reported back then (pre-IFRS16)
WTB adopted IFRS16 at start of FY20 (01-Mar-19)
But IFRS16 reduces FY19 Net Assets by ~7% and Adj. PBT by ~8%, so close to cancelling out?
IFRS16 har ju hjälpt oss att trolla bort lokalkostnader ur EBITDA, på det temat. Men min favorit är ändå när bolag aktiverar utvecklingskostnader men fokuserar på EBITDA - så intäkten är med men avskrivningen bortses ifrån.
February 25, 2025 at 2:44 PM
IFRS16 har ju hjälpt oss att trolla bort lokalkostnader ur EBITDA, på det temat. Men min favorit är ändå när bolag aktiverar utvecklingskostnader men fokuserar på EBITDA - så intäkten är med men avskrivningen bortses ifrån.
Não entra como receita do periodo. Faturamento é diferente do reconhecimento de receita contábil, ainda mais pra fins de IFRS16
November 7, 2024 at 5:36 PM
Não entra como receita do periodo. Faturamento é diferente do reconhecimento de receita contábil, ainda mais pra fins de IFRS16
Hollywood Bowl #BOWL FY TU looks ok, revenue in line at £230.M, 'EBITDA pre-IFRS16 ahead of expectations and in excess of £65M'. UK revenue flat with decline in Puttstars, Canada total revenue growth 42% with LfL 6.3%. Net cash £28.6M (£52.4M) after record capital investment. Inflation resistant.
October 21, 2024 at 6:16 AM
Hollywood Bowl #BOWL FY TU looks ok, revenue in line at £230.M, 'EBITDA pre-IFRS16 ahead of expectations and in excess of £65M'. UK revenue flat with decline in Puttstars, Canada total revenue growth 42% with LfL 6.3%. Net cash £28.6M (£52.4M) after record capital investment. Inflation resistant.
Jag har varit i kontakt med bolaget och fick faktiskt svar idag.
"Vi har en begränsning på Net debt/Proforma EBITDA för våra nuvarande lån på 3,5 mot bankerna. Notera att i beräkningen för de finansiella kovenanterna justeras EBITDA med proforma samt för IFRS16"
"Vi har en begränsning på Net debt/Proforma EBITDA för våra nuvarande lån på 3,5 mot bankerna. Notera att i beräkningen för de finansiella kovenanterna justeras EBITDA med proforma samt för IFRS16"
February 2, 2026 at 10:37 AM
Jag har varit i kontakt med bolaget och fick faktiskt svar idag.
"Vi har en begränsning på Net debt/Proforma EBITDA för våra nuvarande lån på 3,5 mot bankerna. Notera att i beräkningen för de finansiella kovenanterna justeras EBITDA med proforma samt för IFRS16"
"Vi har en begränsning på Net debt/Proforma EBITDA för våra nuvarande lån på 3,5 mot bankerna. Notera att i beräkningen för de finansiella kovenanterna justeras EBITDA med proforma samt för IFRS16"
LTM EBITDA is £37.3m, but IFRS16 leases are £8.2m for a pre-IFRS16 EBITDA of £29.1m. EV (ex leases) is £175m, to put EV/EBITDA at 6x.
Balance sheet is very clean, with a net cash position and a £10.1m pension fund surplus.
Balance sheet is very clean, with a net cash position and a £10.1m pension fund surplus.
December 10, 2024 at 7:38 AM
LTM EBITDA is £37.3m, but IFRS16 leases are £8.2m for a pre-IFRS16 EBITDA of £29.1m. EV (ex leases) is £175m, to put EV/EBITDA at 6x.
Balance sheet is very clean, with a net cash position and a £10.1m pension fund surplus.
Balance sheet is very clean, with a net cash position and a £10.1m pension fund surplus.
Great analysis and learned a lot. What leases under IFRS16 are now on balance sheet… would that be stuff like train lease financing for TfW?
December 11, 2024 at 2:18 PM
Great analysis and learned a lot. What leases under IFRS16 are now on balance sheet… would that be stuff like train lease financing for TfW?
#MER.L - Panmure say, "we are upgrading FY26E post-IFRS16 PBT by +6.0%. Applying the pre-pandemic average P/E to the NOPAT and valuing the cash at a small discount to face value provides a target price of 499 pence. We maintain our BUY recommendation."
I note the £20m buyback also.
I note the £20m buyback also.
#MER.L - Finals
➡️Rev flat, adj op profit up 2%, PBT down 1%, divi up 9%.
➡️Divi up, "reflecting the Board's increasing confidence in the outlook".
➡️A "positive progress in contract bidding"
➡️Disposal of FM to be fully offset by outperformance in core business.
➡️Confident of 5-6% operating margins.
➡️Rev flat, adj op profit up 2%, PBT down 1%, divi up 9%.
➡️Divi up, "reflecting the Board's increasing confidence in the outlook".
➡️A "positive progress in contract bidding"
➡️Disposal of FM to be fully offset by outperformance in core business.
➡️Confident of 5-6% operating margins.
March 26, 2026 at 10:04 AM
#MER.L - Panmure say, "we are upgrading FY26E post-IFRS16 PBT by +6.0%. Applying the pre-pandemic average P/E to the NOPAT and valuing the cash at a small discount to face value provides a target price of 499 pence. We maintain our BUY recommendation."
I note the £20m buyback also.
I note the £20m buyback also.
#AMBEA
Kluriga multiplar pga IFRS16 accounting (P/E blir högt, P/FCF lågt) men normalt P/FCF ≈ 10.7x
Jag tror att 12-15x är rimligare och tills vidare får man återköp + utdelning i ett växande bolag med god historik i en framtidsindustri.
#finanstwitter
Kluriga multiplar pga IFRS16 accounting (P/E blir högt, P/FCF lågt) men normalt P/FCF ≈ 10.7x
Jag tror att 12-15x är rimligare och tills vidare får man återköp + utdelning i ett växande bolag med god historik i en framtidsindustri.
#finanstwitter
March 3, 2025 at 3:08 PM
#AMBEA
Kluriga multiplar pga IFRS16 accounting (P/E blir högt, P/FCF lågt) men normalt P/FCF ≈ 10.7x
Jag tror att 12-15x är rimligare och tills vidare får man återköp + utdelning i ett växande bolag med god historik i en framtidsindustri.
#finanstwitter
Kluriga multiplar pga IFRS16 accounting (P/E blir högt, P/FCF lågt) men normalt P/FCF ≈ 10.7x
Jag tror att 12-15x är rimligare och tills vidare får man återköp + utdelning i ett växande bolag med god historik i en framtidsindustri.
#finanstwitter
May be, only if you have a long term contract with those people, then they may be accounted both on the assets side (since you have the right to use) and also on the liability side (since you have to pay their salaries) according to the IFRS16 specifications.
December 4, 2024 at 9:52 PM
May be, only if you have a long term contract with those people, then they may be accounted both on the assets side (since you have the right to use) and also on the liability side (since you have to pay their salaries) according to the IFRS16 specifications.
Understanding the New Lease Accounting Standards: A Practical Approach to Shortening Lease Terms#Japan#Tokyo#Lease_Accounting#ProShip#IFRS16
Understanding the New Lease Accounting Standards: A Practical Approach to Shortening Lease Terms
This article delves into Proship's upcoming online seminar discussing practical strategies for setting shorter lease terms under new accounting standards.
third-news.com
May 27, 2026 at 5:49 AM
Understanding the New Lease Accounting Standards: A Practical Approach to Shortening Lease Terms#Japan#Tokyo#Lease_Accounting#ProShip#IFRS16
Proship Launches Seminar Addressing New Lease Accounting Standards and Practical Challenges#Japan#Tokyo#Lease_Accounting#ProShip#IFRS16
Proship Launches Seminar Addressing New Lease Accounting Standards and Practical Challenges
Proship is hosting a free online seminar focusing on the new lease accounting standards and how to manage practical challenges in inter-company leases.
third-news.com
May 28, 2026 at 5:41 AM
Proship Launches Seminar Addressing New Lease Accounting Standards and Practical Challenges#Japan#Tokyo#Lease_Accounting#ProShip#IFRS16
Proship's Upcoming Webinar on New Lease Accounting Standards Focuses on Practical Approaches for Businesses#Japan#Tokyo#Lease_Accounting#ProShip#IFRS16
Proship's Upcoming Webinar on New Lease Accounting Standards Focuses on Practical Approaches for Businesses
Join Proship's free online seminar to understand new lease accounting standards, focusing on practical strategies to ease compliance burdens and improve discussions with auditors.
third-news.com
May 28, 2026 at 1:43 AM
Proship's Upcoming Webinar on New Lease Accounting Standards Focuses on Practical Approaches for Businesses#Japan#Tokyo#Lease_Accounting#ProShip#IFRS16
the first re-leasing cycle does.
#DataCentreABS #StructuredCredit #IFRS16
#DataCentreABS #StructuredCredit #IFRS16
August 18, 2026 at 4:00 AM
the first re-leasing cycle does.
#DataCentreABS #StructuredCredit #IFRS16
#DataCentreABS #StructuredCredit #IFRS16
It depends
SCR has specific rules defining a linked player transaction so clear cut
IFRS has tests that you apply with judgement
Machinery swaps fall under IFRS16
They could be treated as separste or linked depending on detail
If linked fair net value (rather than book value) is used
SCR has specific rules defining a linked player transaction so clear cut
IFRS has tests that you apply with judgement
Machinery swaps fall under IFRS16
They could be treated as separste or linked depending on detail
If linked fair net value (rather than book value) is used
August 9, 2026 at 6:41 PM
It depends
SCR has specific rules defining a linked player transaction so clear cut
IFRS has tests that you apply with judgement
Machinery swaps fall under IFRS16
They could be treated as separste or linked depending on detail
If linked fair net value (rather than book value) is used
SCR has specific rules defining a linked player transaction so clear cut
IFRS has tests that you apply with judgement
Machinery swaps fall under IFRS16
They could be treated as separste or linked depending on detail
If linked fair net value (rather than book value) is used
Alsea reporta crecimiento en Ventas Mismas Tiendas de 2.6% durante el segundo trimestre del 2026
edomexaldia.com/alsea-report...
edomexaldia.com/alsea-report...
Alsea reporta crecimiento en Ventas Mismas Tiendas de 2.6% durante el segundo trimestre del 2026 - Edomex Al Día
*Excluyendo efecto de la IFRS16, así como el efecto relacionado a la reexpresión por la hiperinflación en Argentina **Usuarios Activos: últimos 90 días para Starbucks y 180 días para el resto de los f...
edomexaldia.com
July 21, 2026 at 1:15 AM
Alsea reporta crecimiento en Ventas Mismas Tiendas de 2.6% durante el segundo trimestre del 2026
edomexaldia.com/alsea-report...
edomexaldia.com/alsea-report...
Proship's Free Online Course on New Lease Accounting Standards Attracts Over 2000 Participants in Just Two Months#Japan#Chiyoda#Lease_Accounting#ProShip#IFRS16
Proship's Free Online Course on New Lease Accounting Standards Attracts Over 2000 Participants in Just Two Months
Proship's initiative to offer a free 14-session online course on new lease accounting standards sees a remarkable engagement with over 2000 participants.
third-news.com
July 9, 2026 at 1:14 AM
Proship's Free Online Course on New Lease Accounting Standards Attracts Over 2000 Participants in Just Two Months#Japan#Chiyoda#Lease_Accounting#ProShip#IFRS16
Goodwill nedskrivingsprövas då Bb2 redovisar enligt IFRS16. Väldigt tydlig bild 😊
March 16, 2025 at 9:29 AM
Goodwill nedskrivingsprövas då Bb2 redovisar enligt IFRS16. Väldigt tydlig bild 😊