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COVID-19 implications on the half-yearly financial reports

22 May 2020 17:00 | Anonymous
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 20th 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.

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