FRS 110's impact on Reit sponsors muted

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.