A new day of reckoning
A new day of reckoning
- 1999
- Financial Times 9 April 1999, 24(1) .
Property companies' next interim or final results must contain information required under FRS-13. This governs the disclosure of derivatives and other financial instruments which are now off-balance sheet, and will deeply affect property companies because they are generally more highly geared than other companies. Over time the standard may lead to property companies being judged, like other corporates, on the quality of their earnings rather than of their assets.
BALANCE SHEETS
DERIVATIVES
FRS 13
OFF-BALANCE-SHEET FINANCE
PROPERTY COMPANIES
Property companies' next interim or final results must contain information required under FRS-13. This governs the disclosure of derivatives and other financial instruments which are now off-balance sheet, and will deeply affect property companies because they are generally more highly geared than other companies. Over time the standard may lead to property companies being judged, like other corporates, on the quality of their earnings rather than of their assets.
BALANCE SHEETS
DERIVATIVES
FRS 13
OFF-BALANCE-SHEET FINANCE
PROPERTY COMPANIES