preparing financial statements. The study also reveals the importance of the role of the executives, directors, and audit committee members in reducing financial statements adjustments, where improvement
Acquisitions or Dispositions”). Size of the transaction by the highest value based on total considerations (Translation) Page 2 of 2 method is equal to 13.37%. When taking into account all other asset
, 2004 (collectively the “Notifications on Acquisitions or Dispositions”). Size of the transaction by the highest value based on total considerations (Translation) Page 2 of 2 method is equal to 13.37
Group can divided as follows; o Revenue from construction contracts which are defined output is promised, is recognised using the percentage of completion method. The stage of completion is generally
using the straight-line method for depreciation and apply the revised estimated useful lives for the financial statements starting 1st January 2020. The details of the estimated useful lives of assets in
using the straight-line method for depreciation and apply the revised estimated useful lives for the financial statements of both consolidated and separated statements starting 1 January 2020. The details
pursuant to each calculation method prescribed under the Acquisition and Disposal Notifications and based on the audited consolidated financial statements of the Company for the year ended 31 December 2019
calculation method prescribed under the Acquisition and Disposal Notifications and based on the audited consolidated financial statements of the Company for the year ended 31 December 2019 and the audited
payment or under contract amendment for collection in the next stage. Unbilled Receivables Due to its turnkey business, the revenue recognition is performed based on percentage of completion method which
from the first inspection cycle (2010-2012) to 2019, the first year of the 4th inspection cycle (2019-2021), showed promising overall improvement despite the SEC’s more intensive inspection in several