Big congratulations to Powerco. Nine months live on LOIS

Posted by Paula Macris on Jan 11, 2019 11:42:25 AM

Quadrent sends a big shout out to Powerco, one of our earliest clients and one of the first entities to adopt to IFRS16 within Australasia.

 Powerco Banner

  

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 IFRS16 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.

 

Topics: IFRS 16, Leases, LOIS, lease accounting software, ifrs 16 implementation