Australia’s retailers predicted to be hit by lease accounting changes

Australia's fastest growing retailers face a hit to their bottom line profits under proposed accounting rules that will force them to bring more than A$40 billion worth of leases onto their balance sheets for the first time. Under the latest changes to lease accounting rules put forward by the International Accounting Standards Board (IASB), retailers such as Woolworths, Wesfarmers, Myer, David Jones, JB Hi-Fi, Harvey Norman, Specialty Fashion and Premier Investments will have to calculate the net present value of future lease commitments and recognise them as debt on their balance sheets.

Australia’s retailers predicted to be hit by lease accounting changes

Apr 22, 2015

Australia's fastest growing retailers face a hit to their bottom line profits under proposed accounting rules that will force them to bring more than A$40 billion worth of leases onto their balance sheets for the first time. Under the latest changes to lease accounting rules put forward by the International Accounting Standards Board (IASB), retailers such as Woolworths, Wesfarmers, Myer, David Jones, JB Hi-Fi, Harvey Norman, Specialty Fashion and Premier Investments will have to calculate the net present value of future lease commitments and recognise them as debt on their balance sheets.

US businesses poised to increase their credit demand as aircraft, trucks & materials handling lead the way

Equipment and software investment in the US was subdued in the fourth quarter of 2014, slowing from 10.5% in Q3 to just 1.6% in Q4. Growth for all of 2014, however, was still a solid 5.8%, and even with a slightly slower expected pace of growth in 2015. However, investment in equipment and software is forecast to grow 5% in 2015 – led by the aircraft, trucks and materials handling sectors.

US businesses poised to increase their credit demand as aircraft, trucks & materials handling lead the way

Apr 13, 2015

Equipment and software investment in the US was subdued in the fourth quarter of 2014, slowing from 10.5% in Q3 to just 1.6% in Q4. Growth for all of 2014, however, was still a solid 5.8%, and even with a slightly slower expected pace of growth in 2015. However, investment in equipment and software is forecast to grow 5% in 2015 – led by the aircraft, trucks and materials handling sectors.

Most of GE Capital’s assets to be sold “within next 24 months”

GE aims to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial businesses. GE and its board of directors have determined that market conditions are favorable to pursue disposition of most GE Capital assets over the next 24 months except the financing “verticals” that relate to GE’s industrial businesses.

Most of GE Capital’s assets to be sold “within next 24 months”

Apr 11, 2015

GE aims to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial businesses. GE and its board of directors have determined that market conditions are favorable to pursue disposition of most GE Capital assets over the next 24 months except the financing “verticals” that relate to GE’s industrial businesses.

Asia Pacific

Leasing enters the world of drones & construction with new Komatsu innovation

Jan 26, 2015

Komatsu, the second largest construction equipment manufacturer in the world, has announced a new business called SmartConstruction, with the aim of ushering in the “jobsites of the future.” Using construction machinery equipped with Intelligent Machine Control (iMC) alongside drones, the goal of the business is to automate pre-foundation work jobsites and monitor them from the office.

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