Tender MR 138/2022 To Provide Advice to Energy Fiji Limited on the following: 1. IFRS 16 – Leases 2. New Accounting Standards

ENERGY FIJI LIMITED

 

TENDER No. MR 138/2022

Energy Fiji Limited invites sealed tenders from reputable firms To Provide Advice to Energy Fiji Limited on the following:

  1. Lease

 

  • Review the terms & conditions of the existing leases.
  • Review changes in terms and conditions of the existing leases.
  • Determine and assist management to the changes in the terms & conditions in the existing leases and how to account for these revisions in compliance to IFRS 16.
  • Assess and determine if the change in any variables such as rental would be a re-assessment of leases and /or lease modification.
  • Prepare Impact assessment and quantify these adjustments to be taken in the financial year 2022 due to these revisions.
  • Provide updated lease schedule reconciled to Financial Statement
  • Any other relevant advise

 

  1. New Accounting Standards

 

  • New Accounting standards impacting the Company that needs to be adopted in 2022.
  • Other new and amended standards and interpretations issued by International Accounting Standard Board (IASB) that will apply for first time in the annual financial statements that are expected to impact or relevant to the Company’s activities.

This tender closes at 4:00 p.m. (16.00hrs Fiji time) on Friday 10th June, 2022.

Bidders are requested to submit electronic copies via TenderLink by registering their interest at: https://www.tenderlink.com/efl

 

Tender bids shall be addressed to “The Secretary – Tender Committee, Energy Fiji Limited, Private Mail Bag, Suva” and marked as MR 138/2022 – To Provide Advice to Energy Fiji Limited on the following:

 

(1) IFRS 16 – Leases

(2) New Accounting Standards

 

The bidders must ensure that their bid is inclusive of all Taxes payable under Fiji Income Tax Act.

 

The lowest bid will not necessarily be accepted as the successful bid.

Click here for Tender Specifications.