Pihlajalinna Group´s restated financials 2018 after the adoption of the new IFRS 16 Leases standard
(WorldNews Finland)

Pihlajalinna Plc Stock exchange release 18 April 2019 at 13:00 Pihlajalinna Group`s restated financials 2018 after the adoption of the new IFRS 16 Leases standard The IFRS 16 Leases standard, valid since the beginning of 2019, covers the definition, recognition and valuation of leases as well as other information given in relation to lease arrangements in financial statements. According to the standard, the lessee recognises the asset based on the right of use and the corresponding financial liability in the statement of financial position. The Group has adopted the new standard using the full retrospective method. The effects of the date of transition 1 January 2018 are calculated as if the...