Quadrent sends a big shout out to Powerco, one of our earliest clients and one of the first entities to adopt to IFRS 16 within Australasia.
Powerco, as New Zealand’s largest electricity distributor by geographical area and second by customer numbers and a key regulated entity, have always strived for best practice so with the changes in lease accounting they decided to early adopt by using LOIS to deliver a full IFRS 16 compliance solution.
Quadrent was excited to be involved in such an early project and by the chance to work with such a forward thinking team.
Find out more about LOIS here.
