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
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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.
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