The adoption of International Financial Reporting Standards (IFRS) is beginning to impact upon the financial reporting of companies involved in UK PFI.
This is likely to have a wider impact by 2009 when it is expected that special purpose vehicles (SPVs) will be required to adopt IFRS. These changes are likely to impact upon the recognition of profit, which has a potentially significant impact on both the cash and covenant position of SPVs.
Our team can help:
- at the bid stage, to undertake a sensitivity analysis to enable the impact of IAS to be assessed
- review operational models to confirm compliance to IAS, and where necessary work with operational model builders to bring existing models up-to-date
- undertake wider reviews of the implications of IFRS on PFI portfolios
Read more about the impact of IFRS on accounting for PFI in our publications. You can access these from the related pages menu on the right.
