Authors: Benjamin Hafner and Robert Betz
Time is running out!
On January 13, 2016 the International Accounting Standards Board (IASB) published the new IFRS 16 accounting standard for leases. The regulations of the IASB primarily concern the lessees. Starting 2019, they will have to include all leases and the associated rights of use and lease liabilities in the balance sheet. Accordingly, lessees will no longer have to differentiate between financial leases and operating leases.
Recent studies published by auditors show the enormous impact on the balance sheet and the KPIs (equity ratio, debt-equity ratio, cash flow, etc.). This should be analyzed at a very early stage and the effects on balance sheets and capital markets should be communicated. Read More
With Generation Y a new generation of young well-educated people urges in the world of Employment, which has a high affinity for technology and modern means of communication. Grown up in the era of internet and smartphones, the competition between employers for the “Best” of this generation flares up in the „war for talent“. But in return they make high demands on their working world – in terms of content but in particular also on the infrastructural and technical design of „their“ world of work. This generation is no longer influenced by the traditional understanding of one’s role in the professional life. Career at any price is no longer the focus but rather a meaningful and satisfying work life. We have to admit, that modern working environments and the New Ways of Working are not only conditioned by the increasingly entering of Generation Y into working process, but the entire world of work is subject to constant change to a new kind of work with other priorities and thus new requirements for the modern office world and IT. Read More
In today’s world we have some clear indicators that power has shifted from companies to consumers and consumers’ expectations are increasing exponentially due to their experiences with other services, primarily services driven by technology. This is a world of immediate information and gratification where outside industries are raising the bar for traditional companies that operate in more traditional business areas like insurers. Read More
The fuel card business, like most facets of the energy industry, is changing.
Despite the dramatic fall in fuel prices and continuous improvement in vehicle efficiencies, fuel remains the significant cost for many organisations. For fleets, freight forwarders, leasing companies and small businesses, the fuel card remains a valuable tool to easily manage and control vehicle expenses. In fact, the number of fuel cards sold in Europe is projected to rise, year on year to 2019, resulting in a market 113.6 billion-Euros strong. Read More
40 trillion Euros by 2030 – that’s the experts’ best guess on the investments globally needed just to expand the infrastructure sufficiently to keep up with the expected rate of economic growth. This number equals a 4 followed by 13 zeroes and is only slightly less than ten times the 2015 GDPs of Austria, Germany and Switzerland combined.
According to a recent survey among 100 German top managers of companies concerned with the operation and maintenance of public infrastructure such as power grids, railways and water supply networks, there is a serious lack of information about the actual condition of the infrastructure. Read More