IFRS Reporting & Consolidated financial statements for Guernsey based Power producing Holding company.
Client: A leading independent power producer operating in Africa mainly Tanzania, Kenya, Cote d’Ivoire, South Africa & Cameroon. They are into Oil fired generation, Gas fired generation, Solar generation and Wind generation.
Deliverable:
Prepared consolidated financial statements for the group holding company in Guernsey under IFRS consisting of 40 subsidiaries and statutory accounts for standalone companies under UKGAAP FRS 102.
Prepared schedules on Interest bearing loans & borrowings, disclosure notes for Loans, Embedded Derivatives, and Interest Rate Swaps. Prepared schedules on Financial Risk Management Objective and Financial Instruments, Liquidity Risk, Currency exposure, Cash & Cash equivalents.
Analysed and adjusted for FX changes on opening balances of Property, Plant & Equipment [PPE] and Intangibles using unconditional contractual right under Financial Asset model of IFRIC – 12 Service Concession Agreements.
Prepared Statement of Changes in Equity, Non-Controlling Interests and various notes related to TAX, Finance & operating leases, Payables, Impairment testing of Goodwill, Sensitivity analysis and Inventories note.
