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Big congratulations to Powerco. Nine months live on LOIS

Quadrent sends a big shout out to Powerco, one of our earliest clients and one of the first entities to adopt to IFRS 16 within Australasia.

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Powerco, as New Zealand’s largest electricity distributor by geographical area and second by customer numbers and a key regulated entity, have always strived for best practice so with the changes in lease accounting they decided to early adopt by using LOIS to deliver a full IFRS 16 compliance solution.

Quadrent was excited to be involved in such an early project and by the chance to work with such a forward thinking team.


Quadrent is Australasia's leading and most trusted equipment financier and lease portfolio software provider. We enable you to deliver your technology solution via a leasing structure, and manage and report on your lease & asset portfolio for compliance with IFRS 16. Find out more about our services.

LOIS provides you with a consolidated view of all leases within your business structure and full IFRS 16 compliance, whether it be one entity or a global corporate. LOIS refers to Quadrent’s Lease Optimization Information System, which is a fully integrated portfolio and asset management tool for all your IFRS16 lease accounting compliance. We operate it under a master agreement. Plus, we’re the only supplier in Australasia. Read more about LOIS.

LOISlite is a cost effective IFRS 16 / AASB 16 solution that negates the need for internal resource and a full system, while still using a proven platform. Find out more here

If you're interested in understanding more about IFRS 16 Compliance and LOIS, here are a couple of resources we can provide: