FRS 110's impact on Reit sponsors muted
Earlier worries were that the larger balance sheets would result in higher gearing ratios and lower returns on assets
Singapore
FOR most of the major sponsors that have started to adopt FRS 110 "Consolidated Financial Statements" in their quarterly results last year, they have done so without a glitch, despite earlier concerns that their larger balance sheets will result in higher gearing ratios and lower returns on assets.
If that serves as any guide, one could expect a marginal impact of the new accounting rule in the full-year results as the earnings season enters full swing.
"Shareholders should not be al…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Netflix handily beats subscriber targets, misses on revenue forecast
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff