ESMA Issues A Public Statement Regarding Implications Of The COVID-19 Outbreak On Half-Yearly Financial Reports

In particular, the Statement seeks to address the preparation of the interim financial statements according to IFRS and the interim management reports for the 2020 half-yearly reporting periods. Issuers, financial advisors and anyone involved in the preparation of half-yearly financial reports would, therefore, do well to get familiar with the Statement.

Primarily, the Statement highlights the need for issuers to provide updated information that is useful to investors to adequately reflect the current and expected impact of the COVID-19 situation on the financial position, performance, and cash-flows of issuers. ESMA also highlights the importance of providing information on the identification of the principal risks