Investment Holding Issues Clarification
about 2018 Semi-Annual Financial Statements
August 14, 2018
Investment Holding Group announced,
pursuant to the request of Market Operations Department of Qatar
Stock Exchange, that Investment Holding Group Q.P.S.C has
previously recognized its available for sale investments at cost
as per IAS 39 from acquisition date till December 31, 2017.
During the current period, the management has reassessed its
unquoted investment in equity at fair value as required by
International Financial Reporting Standard (IFRS) No. 9 which
became effective for annual reporting periods beginning on or
after 1 January 2018. The valuation was carried out internally
with the assumptions. The estimated fair value amounted to QR31
Million with the difference with the original cost recognized as
a fair value gain in the interim consolidated statement of
profit or loss.
To view the financial assets
clarification
click here
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