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Want to know how your world is changing? Want to see how your industry is evolving? Our collection of publications, surveys and commentary provides you with a unique perspective on the big trends that will shape your industry and your organisation.
This publication provides an illustrative set of consolidated financial statements for entities reporting under New Zealand equivalents to International Financial Reporting Standards – Reduced Disclosure Regime (NZ IFRS RDR).
In our November 2016 newsletter we outline recent exposure drafts issued by the NZASB proposing amendments to clarify the requirements for some entities to disclosure their approved budgets and amendments to bring revalued property, plant and equipment and intangible assets within the scope of the standards on impairment of assets.
In this issue:
What does it take to be a successful family business in 2016? Our latest Family Business Survey gives you an insight into the big challenges that local firms are facing, and the responses they are making taking to an increasingly unpredictable business landscape.
We have published the sixteenth edition of our Disclosure Compendium, which summarises the 2016 disclosure information of Electricity Line Businesses. Copies of the publication can be ordered here.
The new IFRS standard for insurance contract accounting (expected to be IFRS 17) is nearing completion. Many insurers in New Zealand have yet to consider how IFRS 17 may impact their business, what options they may choose or start developing an implementation plan. However, plans underway at larger insurers overseas have identified key areas of challenge and emphasise the amount of effort required. Our latest publication highlights some of the financial and operational implications for New Zealand insurers.
The New Zealand construction industry has been performing strongly in recent years but a number of key issues constrain its growth. Our report looks at key areas of performance and identifies opportunities for the industry and government to lift ongoing performance.
On 11 October, in a surprise move to many, the New Zealand Government announced several immediate changes to the New Zealand Residence Programme (NZRP).
The first of our four GSISS 2017 publications looks at digital businesses in New Zealand, to understand how organisations that are already mass adopters of cloud technology, social media and big data are responding to the new data concerns that come with this technology.
September 2016 | Issue #3/2016
The legislative changes to the NZ ETS effective from 1 January 2017 will influence carbon prices in addition to increasing the number of carbon credits non-forestry participants have to surrender in satisfaction of their emission obligation going forward. Non-participant entities will also have to consider the cost flow-through implications of these changes. Our In brief outlines the reporting issues you need to consider.
In our September edition, we update you on the latest GST developments including:
Addressing hybrid mismatch arrangements – Government discussion document
On 6 September, the Government released a discussion document outlining proposals to address hybrid mismatch arrangements. As expected, the Government intends to adopt the full range of OECD recommendations, with some minor amendments to fit with New Zealand’s current domestic and international tax rules.
How do today’s CEOs compare to tomorrow’s leaders? Our survey reveals cybersecurity, education and growth are on the minds for both groups.
In the Food Trust section this month we feature an article on fraud on halal food.
Inland Revenue has issued a second consultation paper outlining its more refined proposals for the taxation of employee share schemes (ESS). This follows the Issues Paper released on 12 May 2016, and represents Inland Revenue’s more advanced thinking after public consultation on the Issues Paper.
New Zealand’s cities are continuing to be major growth engines for the economy, as well as being home to the majority of New Zealanders. However, New Zealand cities are also facing significant challenges around housing affordability, disaster preparedness and an ageing population.
With a focus on the technology helping SMEs to grow, this spring edition includes:
In our August 2016 newsletter we outline the recent exposure draft issued by the NZASB proposing amendments to a range of standards including changes to accounting for bearer plants. We also highlight amendments relating to impairment of assets and a new standard on employee benefits published by the IPSASB.
Learn how the “Essential Eight” technologies are reshaping industries and changing the way businesses operate.
There’s no denying that digital is making its mark, and every boardroom, regardless of industry focus, has digital and data on the mind. How are we ensuring our business will not be disrupted by digital? Part of our approach is ensuring we have the right people to help with our clients evolving needs.
The 2016 PwC Executive Reward Report is our seventh annual executive pay report and includes comprehensive remuneration data from 158 NZ companies on over 1,800 roles. It represents a cross section of the NZ market, including leading private sector companies and SOEs.
Trustpower Supreme Court decision – a hindrance to economic growth?
In the Food Trust section this month we present a case study - when beef goes horse.
In our July 2016 newsletter we outline the recent exposure draft issued by the NZASB on accounting for financial instruments. We also highlight the key developments of the IPSASB's financial instruments and leases projects.
Local government and infrastructure matters, Issue 6
Sport and recreation services are changing, thanks to technology-based innovations and new exercise patterns. Our Local Government and Infrastructure Matters tracks this, as well as considering how Councils can optimise their S17A service reviews.
New Zealand's changing international tax rules and relationships - what's next?
We outline 6 key things you need to know about New Zealand's BEPS implementation strategy.
This monthly deals focused report provides a review of recent agribusiness M&A news as well as updated trading and transaction multiples.
June 2016 | Issue #2/2016
Now that the UK has voted to leave the EU, there will be a protracted period of negotiation, and many months of uncertainty as the detailed political and legal issues are worked out. It may be some time before the real impact of leaving unfolds. In this issue we outline a number of potential accounting and reporting issues and the related guidance under NZ IFRS.
Decision-making is one of the fundamental skills for business leaders, and access to data has now become a fundamental aspect of this. So how are leaders using data to their advantage? And how is this benefiting the decision-making process?
NZ findings from the 2016 International Automotive Lending & Leasing Survey
Automotive lending and leasing is a mature market, but new technologies and customer demands are changing how the sector operates. Read our survey insights on the NZ auto finance industry.
The Golden Age Index tracks how OECD countries are performing across a range of different metrics, with New Zealand ranking second. Download the report to find out why we are ranking so highly and how companies can support an ageing workforce.
How will financial services have changed by 2020 and what will the impact be for established companies and new FinTech startups? Our latest report: Financial Services Technology 2020 and Beyond, takes an in-depth look at how these issues will shape the secton.
What's happening in New Zealand's entertainment and media industry?
The entertainment and media industry is shifting quickly to cope with the rapid growth in digital technologies. Find out what this means for the sector in our 2016 Global entertainment and media outlook.
There has been a paradigm shift lower in US and New Zealand 10 year interest rates since the Global Financial Crisis (“GFC”). So what will the impact be over the next two to five years?
Your latest update on the state of the global agribusiness sector, covering the biggest global trends and investment patterns that will shape tomorrow’s agribusiness sector.
Budget analysis and commentary - Digging out the debt
Read our commentary and analysis on what this year's Budget means for you and New Zealand.
What areas will this year's Budget impact the most? Our partners draw on their in-depth experience working directly with the public sector to bring you their views.
In our latest Tax Team Talk we focus on a number of areas including taxation of contractors which is an area of tax risk that we are commonly engaged to advise on.
Modernising withholding tax
Facilitating joint service initiatives
FBT on group life cover
In our PBE News publication we highlight the key New Zealand and international developments relevant to public benefit entities.
What’s happening in New Zealand?
What’s happening internationally?
Turning risk into opportunity
Financial Services is entering a period of significant change and CEOs in the sector are certainly aware of these risks. This report looks at how Financial Services CEOs are now changing the way their businesses operate to find new growth in an increasingly complex marketplace.
As well as looking at the state of the sector as a whole, the report takes a deeper look at Banking and Insurance to understand how these sectors are responding to new threats.
With updates from New Zealand and around the world, the Global Agribusiness report puts you in touch with our international team of experts. So what has happened in the last month, and how will this affect local agribusiness operators?
Your monthly update on deals in the global agribusiness sector, covering M&A activity and the latest food trust news.
Are you looking for a quick and easy way to update your Board or Audit Committee on the latest financial reporting developments?
We’ve listed new pronouncements and most important changes you need to consider as a for-profit entity for this quarter.
How are the next generation of family business owners approaching their roles? What are they doing to balance the needs of different stakeholders with their own aspirations and vision for the business? How will they navigate a changing business landscape and pass the company on to the generation after them?
The 2016 Next Generation study addresses these questions, taking a deeper look into the state of family businesses in New Zealand and around the world.
The local government landscape is changing rapidly. Communities now demand greater engagement from local government than ever before. This report from our colleagues in the UK looks at what these disruptive trends involve, how local government bodies can rethink their roles in society and the tools they use to engage with the public.
Your monthly update on deals in the global agribusiness sector, including M&A activity and a new section on food trust news.
Leadership matters: Advancing toward true north as stakeholders expect more
This year’s study – which gathered insights from over 1,600 Chief Audit Executives (CAE’s) and their stakeholders, including senior management and board members – confirmed that internal audit functions with very effective leadership perform better and add greater value to the business. However, of those surveyed, 62% expect more value from Internal Audit.
Our study explores the characteristics that define standout leadership and key levers to drive increased value contribution.
The end of the 2016 financial year is now approaching. This is an appropriate time to consider your year-end tax position and 2017 provisional tax.
This checklist will enable you to consider what options are available, as well as inform you of the current taxation rates and provide a refresher on your provisional tax obligations.
From the family farm to international markets, Global Agribusiness is your monthly insight from our PwC experts around the world. From food safety to investments in technology, the March publication explores issues facing the industry across the globe.
The March 2016 issue of GST Direct brings you the latest GST and Customs developments including:
Global FinTech Report
This PwC Global FinTech report assesses the rise of new technologies in the financial services sector across the globe, the potential impact of FinTech on market players and their attitudes regarding the latest in technology developments. Read our findings and analysis from responses of 544 CEOs, heads of innovation, CIOs and top management in digital and technological transformation across the financial services industry.
This publication incorporates a full disclosure checklist for all disclosure requirements under Tier 1 and Tier 2 PBE accounting standards. The checklist is applicable for periods beginning on or after 1 April 2015.
The public sector, like most industries, is undergoing a significant period of change. However, transformation in the public sector presents some particular challenges. These include the level of transparency required and the number of stakeholders involved, something that can be likened to undertaking ‘transformation in a fish bowl’.
This Insights into transformation report focuses on seven lessons that leaders earmarked as critical for successful transformation in the public sector.
This monthly deals report provides a review of recent agribusiness M&A news as well as updated trading and transaction multiples.
February 2016 | Issue #1/2016
All not-for-profit public benefit entities (NFP PBEs), such as registered charities, have to transition to the new XRB accounting standards for periods beginning on or after 1 April 2015. In this issue we outline the key things that you should consider as part of the transition.
Adjusting the lens on economic crime: Preparation brings opportunity back into focus
Are New Zealand organisations prepared for cybercrime incidents? See our latest findings from our biennial survey.
Redefining success in a changing world: A New Zealand perspective
What's on the minds of New Zealand CEOs? See the results from our CEO Survey.
It's finally here - the IASB publishes a new standard on lease accounting.
On 13 January 2016, the International Accounting Standards Board (IASB) finished its long-standing project on lease accounting and published IFRS 16, ‘Leases’, which replaces the current guidance in IAS 17. This will require far-reaching changes in accounting by lessees in particular.
In this In brief we outline the key provisions and impact of the new standard.