Development Works to issue IFRS-compliant statements in Q1 2018

31/12/2017 Argaam

Development Works for Food has started implementing the third phase of transition to International Financial Reporting Standards (IFRS), the company said in a statement to Tadawul on Sunday.

 

The Q1 2017 financial statements were prepared according to IFRS, while the remaining quarterly statements will be ready by April 30, 2018 before issuing Q1 2018 figures.

 

Meanwhile, there is no material impact on the company’s results due to adoption of IFRS, the statement added.

 

The company will prepare the first IFRS-based financial statements for Q1 2018 during the regulatory period set by the Saudi market regulator.

 

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read