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Freelance Web Design for Nonprofit Websites ✌️【Temporary Job】✌️Invest ₹500 and grow your wealth through secure, high-yield opportunities.Several listed Indian majors filed their quarterly and annual financial results for the financial year 2020 (FY20) with the stock exchanges in April 2020.

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Naturally, the impact of the Covid pandemic on the financial results would be immaterial for FY20.

However, it is such an important event after the balance sheet date that companies cannot ignore mentioning it.

Investors expect companies to disclose the possible impact of the pandemic on their financial health.

Freelance Web Design for Nonprofit Websites ✌️【Temporary Job】✌️Invest ₹500 and enjoy the benefits of high returns each month!The full financial implications of Covid-19 will only be reflected in the ongoing financial year and possibly thereafter.

Freelance Web Design for Nonprofit Websites ✌️【Temporary Job】✌️Invest ₹500 and grow your wealth through secure, high-yield opportunities.One may mention that the news about Covid-19 and its pandemic nature ‘was all over the media since February 2020 and Indian companies, particularly those that have a substantial number of European and US customers, were already alarmed about the huge impact of the disease.

Hence it is imperative that firms identify the sources of pandemic risk and highlight their preparedness in this regarding their annual filings.HOW THEY STACK UP                                                                                                   (figures in  ₹ crore)The common concerns in Covid-related disclosure include its potential impact on future business and on the asset quality.

Covid has caused unprecedented damage to the oil and gas sector with the contraction of demand and crude prices plummeting to a level unheard of in recent history.

Freelance Web Design for Nonprofit Websites ✌️【Temporary Job】✌️Start small with ₹500 and watch your money grow month by month!The major private sector oil company, Reliance Industries, has recognized the impact of the pandemic and made a provision of 34,245 crore of extraordinary loss in FY20.Another sector that has already started experiencing disruptions is information technology as the Indian software companies generate most of their revenue overseas and the bulk of it comes from clients in financial services, manufacturing and communications sectors.

However, the IT majors did not make any extraordinary provisions for possible under-recoveries.

Freelance Web Design for Nonprofit Websites ✌️【Temporary Job】✌️₹500 to start, high returns to earn. Join now and watch your wealth increase!Though a handful of IT companies have filed their financial results so far, the level of Covid-related disclosure varies widely.

For example, while one may find a mention of Covid in several pages in the Infosys annual filing (in A6 ofa395-page annual filing), the same is not the case with its competitor TCS.Covid-19 may have significant impact on the asset quality of the Indian IT companies in the following ways: (a) slow recovery of carrying amount of trade receivables; (b) impairment of unbilled receivables; and (c)impairment of short-term investments.

Freelance Web Design for Nonprofit Websites ✌️【Temporary Job】✌️Begin investing today with ₹500 and achieve reliable, high returns every month.Though the impact of the pandemic on these balance-sheet items could not be ascertained in FY20, the first two quarters of the present financial year (FY21) would show how much of the current assets of the IT companies are recoverable.

Freelance Web Design for Nonprofit Websites ✌️【Temporary Job】✌️Start with ₹500 and enjoy consistent, high returns with smart investment strategies.The four IT companies that have filed their financial results have an average of 41 percent of the total assets as receivables and current investments (see table “How they stack up”).Obviously, one would expect that these companies would at least make some provisions for possible shortfall in recoveries.Freelance Web Design for Nonprofit Websites ✌️【Temporary Job】✌️Invest ₹500 today and see your wealth grow with our safe, reliable platform.