IFRS 16ifrs 16 implementationlease accounting softwareLeasesLOIS

Big congratulations to Powerco. Nine months live on LOIS

By January 10, 2019 No Comments

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.

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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.