Pandamonium!
China could well be poised to enter
European leasing after all – with a very special deal..
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Every panda in every zoo worldwide
is held on lease from the Chinese government, costing keepers
between €700,000 and €1.2m a year. What’s more, like most lessors,
the Chinese government has been prepared to negotiate with
customers in a time of economic hardship.
Last week, the governor of Tokyo,
Shintaro Ishihara, negotiated a ¥4m (€35,000) discount on the
annual lease rates for two Pandas arriving in the city’s Ueno zoo.
And China is no soft touch when it comes to collections: Kobe Zoo
is reputed to be looking down the barrel of a €367,000 fine for
having a panda die on its watch.
The UK’s Edinburgh zoo is now in
the middle of high-powered talks over its own panda lease, in the
hope of being the only British institution to hold one of the
animals.
An Edinburgh zoo spokesperson told
Basement Talk: “It is not something we should really
discuss media-wise, as nothing has yet been confirmed.”
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By GlobalDataWatch this space.
In the small
print
To the KPMG Leasing Club for a
briefing from lease accounting supremo David Maxwell on the new
lease accounting exposure draft.
Maxwell and colleague Charlotte Law
gave a comprehensive overview of the challenges ahead should the
exposure draft be adopted in its current form.
Maxwell urged audience members to
make their feelings known to the International Accounting Standards
Board by writing letters, even though such opposition apparently
went unnoticed in the first round of consultations.
KPMG kindly provided handouts of
the presentation “because we know it’s hard to read the small
writing on a screen”.
Cue chuckles from the crowd: not
that Maxwell was referring to the average age of the audience in
any way at all.
Wandering lonely as a
cloud?
Concerning news from Lloyds TSB
Commercial Finance, courtesy of our friends at public relations
agency City Press.
A group of company employees
climbing mountains in the Peak District for Macmillan Cancer
Support reduced from six in the first photo to, er, only four in
the second.
Poor Nick Elliott and Gordon Forster appear to have vanished en
route and, one can only assume, must be wandering still amid the
peaks.
