Boeing's CEO explained Wednesday that the business will get started furloughing "a substantial amount" of workers to preserve cash throughout the strike by union machinists that commenced previous 7 days.

six⁠–⁠two.11] to an understanding of the economic place or overall performance of the entity is properly disclosed. Whilst measurements in both of those yearly and interim financial experiences in many cases are according to reasonable estimates, the preparing of interim monetary reports normally would require a higher utilization of estimation methods than annual financial studies.

"Although this is a troublesome determination that impacts All people, it really is in an effort to maintain our extensive-phrase foreseeable future and aid us navigate by this very difficult time," Ortberg mentioned in a company-huge message to employees.

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If an entity publishes a set of condensed financial statements in its interim financial report, All those condensed statements shall incorporate, at a minimum amount, Each individual with the headings and subtotals that were included in its newest yearly financial statements [Refer:IAS one paragraphs 36 and 37] and the chosen explanatory notes as expected by this Regular.

Likewise, a liability at the end of an interim reporting interval need to depict an existing obligation at that day, just as it ought to at the end of an yearly reporting period.

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Description of cross-reference to disclosures offered outside interim monetary statements Disclosure textual content

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Quantities accrued for money tax expense in one interim period may possibly should be altered in a subsequent interim period of that economic 12 months Should the estimate of the once-a-year earnings tax charge adjustments.

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