diff --git a/report_py3o/models/_py3o_parser_context.py b/report_py3o/models/_py3o_parser_context.py
new file mode 100644
index 000000000..d42949cd9
--- /dev/null
+++ b/report_py3o/models/_py3o_parser_context.py
@@ -0,0 +1,96 @@
+# Copyright 2018 ACSONE SA/NV
+# License AGPL-3.0 or later (http://www.gnu.org/licenses/agpl)
+
+import html
+import time
+import logging
+
+from base64 import b64decode
+from odoo.tools import misc, mail
+
+logger = logging.getLogger(__name__)
+
+try:
+    from genshi.core import Markup
+except ImportError:
+    logger.debug('Cannot import py3o.template')
+
+
+def format_multiline_value(value):
+    if value:
+        return Markup(html.escape(value).replace('\n', '<text:line-break/>').
+                      replace('\t', '<text:s/><text:s/><text:s/><text:s/>'))
+    return ""
+
+
+def display_address(address_record, without_company=False):
+    return address_record.display_address(without_company=without_company)
+
+
+class Py3oParserContext(object):
+    def __init__(self, env):
+        self._env = env
+
+        self.localcontext = {
+            # Odoo default format methods
+            'o_format_lang': self._format_lang,
+            # prefixes with o_ to avoid nameclash with default method provided
+            # by py3o.template
+            'o_format_date': self._format_date,
+            # give access to the time lib
+            'time': time,
+            # keeps methods from report_sxw to ease migration
+            'display_address': display_address,
+            'formatLang': self._old_format_lang,
+            'format_multiline_value': format_multiline_value,
+            'html_sanitize': mail.html2plaintext,
+            'b64decode': b64decode,
+        }
+
+    def _format_lang(self, _env, value, digits=None, grouping=True,
+                     monetary=False, dp=False, currency_obj=False,
+                     no_break_space=True):
+        formatted_value = misc.formatLang(
+            _env, value, digits=digits, grouping=grouping,
+            monetary=monetary, dp=dp, currency_obj=currency_obj)
+        if currency_obj and currency_obj.symbol and no_break_space:
+            parts = []
+            if currency_obj.position == 'after':
+                parts = formatted_value.rsplit(" ", 1)
+            elif currency_obj and currency_obj.position == 'before':
+                parts = formatted_value.split(" ", 1)
+            if parts:
+                formatted_value = "\N{NO-BREAK SPACE}".join(parts)
+        return formatted_value
+
+    def _format_date(self, value, lang_code=False, date_format=False):
+        return misc.format_date(
+            self._env, value, lang_code=lang_code, date_format=date_format)
+
+    def _old_format_lang(self, value, digits=None, date=False, date_time=False,
+                         grouping=True, monetary=False, dp=False,
+                         currency_obj=False):
+        """
+        :param value: The value to format
+        :param digits: Number of digits to display by default
+        :param date: True if value must be formatted as a date (default False)
+        :param date_time: True if value must be formatted as a datetime
+                          (default False)
+        :param grouping: If value is float and grouping is True, the value will
+                         be formatted with the appropriate separators between
+                         figures according to the current lang specifications
+        :param monetary: If value is float and monetary is True and grouping is
+                         True the value will be formatted according to the
+                         monetary format defined for the current lang
+        :param dp: Decimal precision
+        :param currency_obj: If provided the currency symbol will be added to
+                             value at position defined by the currency object
+        :return: The formatted value
+        """
+        if not date and not date_time:
+            return self._format_lang(
+                self._env, value, digits=digits, grouping=grouping,
+                monetary=monetary, dp=dp, currency_obj=currency_obj,
+                no_break_space=True)
+
+        return self._format_date(self._env, value)
diff --git a/report_py3o/models/py3o_report.py b/report_py3o/models/py3o_report.py
index 29b947f57..c1eda37fe 100644
--- a/report_py3o/models/py3o_report.py
+++ b/report_py3o/models/py3o_report.py
@@ -6,7 +6,6 @@ from base64 import b64decode
 from io import BytesIO
 import logging
 import os
-import cgi
 from contextlib import closing
 import subprocess
 
@@ -16,13 +15,13 @@ import tempfile
 from zipfile import ZipFile, ZIP_DEFLATED
 
 from odoo import api, fields, models, tools, _
+from ._py3o_parser_context import Py3oParserContext
 
 logger = logging.getLogger(__name__)
 
 try:
     from py3o.template import Template
     from py3o import formats
-    from genshi.core import Markup
 except ImportError:
     logger.debug('Cannot import py3o.template')
 try:
@@ -60,21 +59,9 @@ def py3o_report_extender(report_xml_id=None):
     return fct1
 
 
-def format_multiline_value(value):
-    if value:
-        return Markup(cgi.escape(value).replace('\n', '<text:line-break/>').
-                      replace('\t', '<text:s/><text:s/><text:s/><text:s/>'))
-    return ""
-
-
 @py3o_report_extender()
-def default_extend(report_xml, localcontext):
-    # add the base64decode function to be able do decode binary fields into
-    # the template
-    localcontext['b64decode'] = b64decode
-    localcontext['report_xml'] = report_xml
-    localcontext['format_multiline_value'] = format_multiline_value
-    localcontext['html_sanitize'] = tools.html2plaintext
+def default_extend(report_xml, context):
+    context['report_xml'] = report_xml
 
 
 class Py3oReport(models.TransientModel):
@@ -190,20 +177,23 @@ class Py3oReport(models.TransientModel):
         return tmpl_data
 
     @api.multi
-    def _extend_parser_context(self, context_instance, report_xml):
+    def _extend_parser_context(self, context, report_xml):
         # add default extenders
         for fct in _extender_functions.get(None, []):
-            fct(report_xml, context_instance)
+            fct(report_xml, context)
         # add extenders for registered on the template
         xml_id = report_xml.get_external_id().get(report_xml.id)
         if xml_id in _extender_functions:
             for fct in _extender_functions[xml_id]:
-                fct(report_xml, context_instance)
+                fct(report_xml, context)
 
     @api.multi
     def _get_parser_context(self, model_instance, data):
         report_xml = self.ir_actions_report_id
-        context = report_xml._get_rendering_context(model_instance.ids, data)
+        context = Py3oParserContext(self.env).localcontext
+        context.update(
+            report_xml._get_rendering_context(model_instance.ids, data)
+        )
         context['objects'] = model_instance
         self._extend_parser_context(context, report_xml)
         return context
diff --git a/report_py3o/tests/test_report_py3o.py b/report_py3o/tests/test_report_py3o.py
index c29c0e98b..f89a99519 100644
--- a/report_py3o/tests/test_report_py3o.py
+++ b/report_py3o/tests/test_report_py3o.py
@@ -15,7 +15,8 @@ from odoo.tests.common import TransactionCase
 from odoo.exceptions import ValidationError
 from odoo.addons.base.tests.test_mimetypes import PNG
 
-from ..models.py3o_report import TemplateNotFound, format_multiline_value
+from ..models.py3o_report import TemplateNotFound
+from ..models._py3o_parser_context import format_multiline_value
 from base64 import b64encode
 import logging