Circular by Malta Financial Service Authority (MFSA) - The Implications of COVID-19 on the half-yearly financial reports
 
The MFSA has issued a circular with reference to the European Securities and Markets Authority (ESMA) Public Statement dated 20^th May, which highlights the Implications of COVID-19 on the half-yearly financial reports. The circular clarifies further areas such as:

• Timing of publication of 2020 half-yearly financial reports,

• Application of IAS 34,

• Disclosures on significant uncertainties, going concern and risks linked to COVID-19,

• Impairment on non-financial assets,

• Presentation of COVID-19 related items in the statement of profit or loss and

• Other disclosure requirements applicable to half-yearly financial statements.

For further details, refer to the circular attached.