Market Regulator Obliges Slovenian Companies to Reveal Effects of Covid-19 in their Annual Reports

Slovenian Securities Market Agency obliged Slovenian companies to reveal in audited report all financial effects of Covid-19 on their potential operating business, which have occurred after the end of the business year.

Slovenian Securities Market Agency published a document on the Ljubljana Stock Exchange announcing that the companies are obliged, according to Companies Act, to reveal in audited report all financial effects of Covid-19 on their potential operating business, which have occurred after the end of the business year.

Public companies will by revealing this also adhere to International Accounting Standards and Slovenia Accounting Standards, which requires them to qualify and quantify potential spread of Corona virus on its business operations and ultimately on its financial results.

As a result of the above stated, there is a possiblity that the companies will be delaying the publication of their FY audited annual reports. We will be keeping you up do date, as soon as more information arises.

InterCapital
Published
Category : Flash News

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