C. Use of estimates and judgments The preparation of Consolidated Financial Statements and Financial Statements of the Bank requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and ...
events not wholly within the control of the Bank, or any present obligation that arises from past events and it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation, or a reliable estimates of the amount of obligation cannot be ...
i) Estimates Based on the generally accepted accounting principles for investment funds in Luxembourg, management is required to make estimates that have an impact on the reported assets and liabilities, the amounts shown in the income statement and in the statement of changes in net assets during...
fixed income and multi-asset strategies that address our clients desire to invest their capital with a dedicated ESGfocus,while pursuing strong investment returns;Multi-asset services and solutions,including dynamic asset allocation,customized 54、target-date funds and target-riskfunds;andPassively managed...
The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are described below. Valuation of business acquisition The valuation of identifiable assets and liabilities in connection with acqui sitions ...
Many nations in the Global South have domestic financial resources, which are unused or misused. Nations with abundant natural resources could set aside a percentage of export revenues to create capital for such national ...
Meanwhile, China’s April activity data continued to point to an uneven recovery. Industrial production saw meaningful pickup (6.7% y-o-y) and beat consensus estimates, contributed by equipment upgrading initiatives. Yet retail sales (2.3% y-o-y) and fi...
We rely on assumptions and estimates to calculate certain key operating metrics, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business. The numbers of daily and monthly active users of Weibo, average spending per advertiser and number of ...
Sales of a significant number of ADSs in the public market, or the perception of such sales, could reduce the price of the notes and impair our ability to raise funds in new security offerings. Sales of substantial amounts of our ADSs in the public market after this offering, or the ...
As of November 30, 2023 and August 31, 2023, other current liabilities also included $455 million and $453 million, respectively, for estimates of consideration payable to customers including estimates for pricing adjustments and returns. Income Taxes Our income tax (provision) benefit consisted...