To show true and fair view of the financial position:If depreciation is not charged, assets will be shown at higher value than their actual value in the balance sheet. Consequently, the balance sheet will not reflect true and fair view of financial statements. To retain, out of profit, fund...
Details of the authorised, issued and fully paid share capital, together with details of the movements in the Company's issued share capital during the current and prior year, are shown in Note 14 to the financial statements. The Company has one class of shares which carry no right to fixed...
Senior Management and Employees Corporate Governance Corporate Social Responsibilities 56 61 66 Significant Events Independent Auditor's Report Unaudited Condensed Consolidated Financial Statements Notes to the Unaudited Condensed Consolidated Financial statements Unaudited Supplementary Financial Information Supplementary...
“forward-looking statements” within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Why do corporate managers misstate financial statements? The role of option compensation and other factors We investigate the incentives that led to the rash of restated financial statements at the end of the 1990s market bubble. We find that the likelihood of a......
24 China CITIC Bank Corporation Limited Chapter 2 Management Discussion and Analysis 2.5 Analysis of the Financial Statements 2.5.1 Income Statement Analysis During the reporting period, the Group realized RMB62.103 billion net profit attributable to the equity holders of the Bank, up by ...
FINANCIAL STATEMENTS 57 Independent Auditor's Report 62 Consolidated Statement of Profit or Loss and Other Comprehensive Income 63 Consolidated Statement of Financial Position 64 Consolidated Statement of Cash Flows 65 Consolidated Statement of Changes in Equity 66 Notes to the Financial Statements 118 ...
The opinions and statements in this article are the sole responsibility of the authors. O. Acero contributed to this article while working at Banco de la República. This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors. Decl...
today announced its financial results for the fourth quarter and fiscal year ended March 31, 2024 and the filing of an annual report on Form 10-K, including the audited consolidated financial statements for the fiscal year ended March 31, 2024 and the unqualified report thereon of ...
the SIV was deemed to be distinct from the bank—the structures were often deliberately engineered to achieve this result—and therefore did not need to be included in the bank's financial statements. The bank would then sell structured assets, such as securities backed by subprime assets, to ...