London, UK — Wednesday, 20th February 2019 - 2.00pm (GMT) — Innervision Management Ltd (Innervision), an industry leading provider of cloud-based lease management and lease accounting software solutions, today announced that Addison Lee Group (Addison Lee), a London-based private hire company has chosen Innervision’s market leading solution LOIS Lease Accounting (LLA) as its dedicated solution for transitioning to the new standard – IFRS 16.

London, United Kingdom, 31^st January 2019 - Innervision Management Ltd (“Innervision”) the leading lease accounting solutions provider, is delighted to announce that over 100 companies globally have now selected its flagship product, LOIS Lease Accounting (LLA) to transition to the new lease accounting standards – IFRS 16 and FASB ASC 842.

The adtoption “deadlines” for IFRS 16 and ASC 842 have now passed and while there was no seismic movement across the globe on 1^st January 2019, nonetheless, financial reports for periods post the implementation deadline will resound with the impact of the trillions of dollars’ worth of operating lease commitments now appear on balance sheets across the world.

London, United Kingdom — 3^rd January 2019 — 11 am (GMT) — Today Innervision Management Ltd (Innervision) is proud to announce that it has achieved ISO 27001:2013 certification.

The implementation of the IFRS 16 Lease Accounting Standard by any lessee will generally lead to an increase in leased assets and a corresponding increase in financial liabilities reflected on its balance sheet. It, of course, follows that there will be an impact on the corporate valuation of the business.

Surveys come and go but IFRS 16 is here to stay.

Back in February 2016, The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASC 842) with the intention of improving on implementation the financial reporting of lease transactions whether the leasing of aircraft, property or equipment of any type – IT, copier, medical or manufacturing.

Approved Accounting Standards Amendments, Leases (Topic 842): Narrow-Scope Improvements for Lessors:

“It feels like retail is now closer to the precipice” Theo Paphitis is quoted in the Daily Telegraph Business Section (05/11/18). He was speaking specifically post-budget but whenever the retail sector is mentioned it is generally with a cloud foreshadowing doom. The online retailers, falling footfall in malls, empty shops in the high street all seem harbingers of doom.

From 1^st January 2019, most leases will need to be treated for accountancy purposes as if they were finance type leases – all leased assets (with just a couple of exceptions) will appear on the balance sheet along with all associated committed liabilities.