VIVA’s Disclosure Q1-2019 Financial Results

VIVA’s BoD met on on Monday dated 29th April 2019 at 12:45 pm at in the company’s head office where the Board discussed the following items in its agenda:

  • Approved the interim financial statements for the First Quarter ended in 31st March 2019.
  • The board of directors approved the application of IFRS 16 using the modified retrospective approach and therefore the comparative information has not been restated.

Financial Impact

  • For interim financial statements, as described in the attached Quarterly Financial Statement Results Form
  • Regarding the IFRS 16, no impact was recorded on the retained earnings as at 1 January 2019. For more information in this regard please refer to the note number 3 in the financial statement for the period ended 31 March 2019.

Link: https://cis.boursakuwait.com.kw/Portal/NewsPDF/822_NEWS_2019_A_2942019123944595.pdf

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