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KGF - Kingfisher News Story

202p 7.1  3.6%

Last Trade - 20/09/19

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.11bn
Enterprise Value £4.06bn
Revenue £11.69bn
Position in Universe 193rd / 1827

Kingfisher PLC - IFRS 16 'Leases' Update

Thu 15th August, 2019 9:35am
RNS Number : 1764J
Kingfisher PLC
15 August 2019
 

15 August 2019

 

 

KINGFISHER PLC (THE 'COMPANY')

IFRS 16 'LEASES' UPDATE

 

Kingfisher today announces that following the adoption of IFRS 16 'Leases' it has published the impact on certain half year 2018/19 and full year 2018/19 income statement line items, including retail profit by geography. The restated numbers are unaudited. A link to this material on the Company's website is set out below. There will be no conference call for this update.

https://www.kingfisher.com/IFRS16LeasesUpdate

 

IFRS 16 'Leases' applies to the Company's consolidated financial statements from the financial year commencing 1 February 2019. Kingfisher is adopting the full retrospective transition option, and therefore restating its comparatives.

 

IFRS 16 'Leases' has no economic effect on Kingfisher's business or cash flow, however it does impact the way assets, liabilities and the income statement are presented. Further details will be published within the Company's half year 2019/20 results announcement, which will be released on 18 September 2019. This will include interim condensed consolidated financial statements prepared on an IFRS 16 'Leases' basis, with fully restated half year and full year comparatives.

 

 

 

 

CONTACTS:

 

Investor Relations

Tel:

+44 (0) 20 7644 1082

Email:

investorenquiries@kingfisher.com

Media Relations

+44 (0) 20 7644 1030

corpcomms@kingfisher.com

Teneo

+44 (0) 20 7260 2700

Kfteam@teneo.com

 


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