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Timely and trusted interim monetary reporting enhances the flexibility of buyers, creditors, and Many others to know an entity’s capability to deliver earnings and cash flows and its fiscal problem and liquidity.

If an entity publishes a complete set of monetary statements in its interim fiscal report, the shape and material of Those people statements shall conform to the requirements of IAS 1 for a whole set of monetary statements.

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If an entity publishes a list of condensed money statements in its interim economical report, those condensed statements shall contain, at a bare minimum, Just about every of your headings and subtotals which were A part of its most recent annual economic statements [Refer:IAS one paragraphs 36 and 37] and the selected explanatory notes as needed by this Typical.

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