Examples of IFRS Accounts in a sentence
The financial year end of the controlled entities is the same as that of the parent entity, except for the Mauritanian entity which is required by local law to use a 31 December year end (note – special purpose IFRS Accounts are maintained for the purposes of the consolidated financial statements).
These financial statements have been prepared in Turkish and are not included in this Prospectus.SELECTED FINANCIAL INFORMATION The following tables set forth, for the periods indicated, selected consolidated financial information of Kuveyt Türk derived from its IFRS Accounts incorporated by reference in this Prospectus.
Prospective investors should read the following information in conjunction with the “Financial Review” section and the IFRS Accounts.
The financial year end of the controlled entities is the same as that of the parent entity, except for the Mauritanian and Mozambique entities which are required by local law to use a 31 December year end (note – special purpose IFRS Accounts are maintained for the purposes of the consolidated financial statements).
Although Kuveyt Türk is not legally required to prepare financial statements in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board ("IASB") and interpretations issued by the International Financial Reporting Standards Interpretations Committee of the IASB (collectively, "IFRS"), it also prepares audited consolidated annual financial statements for the year ended 31 December each year in accordance with IFRS (the "IFRS Accounts").
An amendment submitted by any other individual or group will be submitted to Legislative Committee for review.
IFRS Accounts are not used by Kuveyt Türk for any regulatory purposes and Kuveyt Türk's management principally uses the BRSA Accounts, the Interim BRSA Accounts and the BRSA Principles for the management of Kuveyt Türk.
The Committee commended the BSO Finance Team, for the delivery of the IFRS Accounts and for all of their efforts to achieve this.
Penalty on warehoused goods after expiration of Warehouse Receipt A penalty of 1.5% per day calculated on the current tradable value of the goods, using the closing price of the same grade as the warehouse goods, will be applied after the expiry of the Warehouse Receipt.
New Actions Required to Produce 2010-11 IFRS Accounts The authority was required to review the following areas to ensure we are accounting for them correctly as these are the main impacted areas for restating and creating IFRS compliant accounts.