Cool Notes To The Accounts Financial Statements

To alert the readers of these important disclosures each financial statement is required to make reference to them.

Notes to the accounts financial statements. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Insurance Australia Group Limited IAG Parent or Company is a company limited by shares incorporated and domiciled in Australia whose shares are publicly traded on the Australian Securities Exchange ASX. Notes to Financial Statements In addition to the amounts that are reported on the face of the financial statements US GAAP requires that additional information be provided as notes to the financial statements. They are required since not all relevant financial information can be communicated through the amounts shown or not shown on the face of the financial statements.

2 Significant accounting policies a Basis of preparation The financial statements of the Group have been prepared in. Critical accounting estimates assumptions and judgements continued 31 Critical accounting estimates and assumptions continued c Construction contracts The Group uses the percentage-of-completion method to account for its contract. The consolidated financial statements r elate to the Institute and its subsidiaries collectively the Group and the Groups interest in associate.

Provision for doubtful debts bonus provision leave provision useful lives and depreciation methods and asset impairment. Notes to Financial Statements For the year ended December 31 2019 1. Notes to the Financial Statements 2 SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies adopted in the preparation of these financial statements are set out below.

All such estimates and judgments are reviewed on an ongoing basis. The preparation of financial statements requires various estimates and assumptions to be made that affect the application of accounting policies and reported amounts. Financial Statements and Notes to the Accounts Independent Auditors Report to the members of Standard Chartered PLC Supplementary Information.

The notes are used to explain the assumptions used to prepare the numbers in the financial statements as well as the accounting policies adopted by the company. Notes relating to the subject are included under the affected areas of the financial statements. Definition of Notes to Financial Statements.

The financial report has been organised into the following sections. NOTES TO THE FINANCIAL STATEMENTS CONTD For the financial year ended 31 December 2017 INSTITUTE OF SINGAPORE CHARTERED ACCOUNTANTS annual report 20172018 75. NOTES TO THE FINANCIAL STATEMENTS 1.