Common use of USE OF ESTIMATES Clause in Contracts

USE OF ESTIMATES. The preparation of financial statements, in conformity with International Financial Reporting Standards, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

USE OF ESTIMATES. The preparation of financial statements, in conformity with International Financial Reporting Standards, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of if contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues revenue and expenses during the reporting period. Actual results could differ from those estimates.