The expected credit loss over the lifetime is the amount of loss initially calculated over the life of a lease and/or portfolio or other asset within the meaning of IFRS 9, with the Group aiming to minimize the difference between expected and realized losses. The volume of leased assets is the sum of all (historical) acquisition costs of assets from current leases and leases. In this distribution system, the franchisor grants its partners a license to independently manage a business and, among other things, takes care of the delivery of the goods and the advertising itself. The basis of the system is a franchise agreement that defines marketing, business policy, product range and much more in detail. The legally independent franchisee thus benefits from a well-known company name and many years of experience in sales. The franchisor can sell its products or services in other markets without having to invest its own capital. The average acquisition value is calculated as an arithmetic average of the acquisition cost of all leased projects for which leases were entered into during the reporting period. Customers who regularly invest in new systems conclude a framework lease agreement with GRENKE and benefit from standardised and attractive conditions in this context. The agreed rental volumes can be obtained by customers in individual tranches. In this way, customers benefit from favorable conditions, reduced costs and more flexibility. The customer`s reseller will be informed of the framework agreement, which will provide additional opportunities to increase their business with that customer. In IAS/IFRS accounting, the proceeds of a leasing agreement are allocated over the term of the agreement.
A large part of the profit of the contract portfolio at the balance sheet date is therefore in the future. For this reason, the potential for future profits of the leasing portfolio is reported as additional capital via the value embedded and added to equity in the balance sheet, so that the actual substance of a company becomes visible. The potential for future profits is determined by comparing discounted income and expenses associated with leases and revealing hidden reserves. Taxes are taken into account in this calculation. The new business includes the cost of acquiring all newly acquired assets from leasing and hire-purchase agreements, factoring volume and SME lending activities during the period under review. Expected credit loss for life (LT ECL) and expected credit loss over 12 months (12M ECL) The interesting part is that at the end of the lease, the customer has the opportunity to choose between three direct options: replacement of equipment, return of equipment or automatic renewal of the contract. Equipment rental can therefore be the ideal solution for the use of PARTTEAM & OEMKIOSKS multimedia kiosks at trade fairs, exhibitions, events, museums, trade shows, product presentations and others, for medium or long-term rentals. By renting equipment, it is possible to save money so that it can be invested in other areas of the business. In addition, it reduces investment risk because it generates a return. 24, 36 or 48 months – or something completely different? With each individual contract, you have a choice.
This corresponds to the average number of employees of the GRENKE Group during the reference period on the basis of the number of employees. The members of the Board of Directors are not counted. No distinction is made between full-time and part-time employees. Monthly rents remain constant from month to month. Thus, new equipment leads to only a slight gradual increase in monthly costs and becomes a stable option for companies. . We define corporate clients as tenants who are not subject to specific consumer protection regulations. This figure refers to the number of new leases concluded during the reporting period. European Directive 2014/95/EU or §§ 289b et seq. of the German Commercial Code (HGB) and §§ 315b et seq.
of the German Commercial Code (HGB) require companies oriented towards the capital market to publish a non-financial statement. GRENKE AG fulfils this reporting obligation with a separate chapter in the annual report. At GRENKE, contribution margin 1 is calculated as the present value of net interest income less commissions paid to third parties. Contribution margin 2 consists of the present value of the operating income of a lease less the costs of risk, the gain from the services business and the gains/losses from disposals. The MDAX stock index (derived from the mid-cap Dax) contains the shares of the 60 largest and most liquid companies in traditional industries below the DAX (which includes 30 stocks). These can be both German and foreign companies, provided they are listed in the Prime Standard. GRENKE AG was listed for the first time in the SDAX (which includes the 70 largest and most liquid companies below the MDAX). As of June 24, 2019, the company was included in the MDAX. . Secure very favorable rental rates and even more convenient treatment. Here`s how it works: DIP bonds or bonds are issued on the stock exchange or over-the-counter as part of the debt issuance program.
The interest rate is fixed or variable. Depending on the volume, one or more investment banks (merchants) are responsible for sales. As a general rule, participating banks do not assume any take-back obligations. The investment risk remains the property of the issuer. The incorporated value (excluding pre-tax equity) and the incorporated value (including after-tax equity) differ in that the potential for future profits of the leasing portfolio is not added to the equity on the balance sheet and is taken into account without taking into account taxes. Ideal solution for regular investments. Allows you to invest in equipment via a pre-approved rental line for 12 months with a minimum investment of € 20,000 per year. . Renting, a growing market, is an option where companies can rent the equipment necessary for their business by paying very attractive and predefined rents. Choice of rental period without giving any kind of first entry, so freedom is given to make investments without decapitalizing. At the end of the contract, it is possible to terminate the contract, return the equipment or extend the same contract. Opportunities must be seized when they arise.
A master lease agreement with GRENKE gives you the freedom to do so. You can buy the equipment you need for your business wherever you want, when you want, and at the same time enjoy the benefits of the guaranteed GRENKE preferential conditions. .
