MSM: MASSMART HOLDINGS LIMITED - Voluntary Announcement: IFRS 16 Update
MSM: MASSMART HOLDINGS LIMITED - Voluntary Announcement: IFRS 16 update Voluntary Announcement: IFRS 16 update Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM ISIN: ZAE000152617 ("Massmart" or "the Company" or "the Group") Voluntary Announcement: IFRS 16 update Stakeholders are herewith informed that today Massmart is making a qualitative and quantitative disclosure in accordance with International Accounting Standard ("IAS") 8.30 and IFRS 16, specifically around the method and impact of adoption of IFRS 16 ` Accounting for Leases´, and such publication in the form of a presentation and video is available on the Company´s website https://www.massmart.co.za/. The presentation includes for illustrative purposes the pro forma impact of IFRS 16 on the 30 December 2018 audited income statement. IFRS 16 is effective for financial years commencing on or after 1 January 2019. Massmart is adopting IFRS 16 using the modified retrospective approach. Sunninghill 14 May 2019 Sponsor: JP Morgan Equities South Africa (Pty) Ltd Date: 14/05/2019 09:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.