Thg Share Discussion Threads

[dyslexicsvoices] 10/1/2024 08:08

Anyway you're VERY late to the short party here. Opening a short now is you on a suicide mission. I have margin called you multiple times before, when will you learn Mele aka neon etc.

[billionarebob] 10/1/2024 08:06

Toansy you do realise the oscillator in your link has a buy signal :)

[havinthelasttoast] 10/1/2024 08:05

Sure Frankie x

[the imperialist] 10/1/2024 07:50

Give it a rest Tony. You're making yourself look an even bigger buffoon than usual.

[redistributingwealth] 10/1/2024 07:49

Nobody is interested in any of your FAILED share ramping, using multiple ADVFN usernames.

Shareholders deserve to know that the City's technical analysts and chartists are stating that THG shares are a "Strong Sell"

[billionarebob] 10/1/2024 07:46

CityAM no FM ROFL cmon Matty give us the news :)

[billionarebob] 10/1/2024 07:45

CityFM this morning is full of it.Is MM gonna drop the RNS b4 the results.It would certainly make for an interesting webcast ;)

[the imperialist] 10/1/2024 07:44

This country needs Reform!

[billionarebob] 10/1/2024 07:43

Irish 'unicorn' rules out London IPO after spat with FTSE 100 private equity firm hTTps://news.uk.cityam.com/story/2099429/content.html

[billionarebob] 10/1/2024 07:41

It feels like the City has finally woken up from its January slumber - two decent-sized deals on the London Stock Exchange this morning, with Pennon picking up South East & Surrey Water, and letting agents Belvoir merging into Ellis & Co and Hunter's owners The Property Franchise Group.

[the imperialist] 10/1/2024 07:29

No problem. Frankel and I are here to help you.

I've also screenshotted your deramp of WSBN. Will replay that one too shortly.

Have a great day my lonely friend.

[havinthelasttoast] 10/1/2024 07:26

Ok buddy thanks.

[the imperialist] 10/1/2024 07:08

I've screenshotted these bashing attempts Tony. Will replay them to you when you're in ramping mode next week. You're not cut out for this game mate. Way too emotional.

[billionarebob] 09/1/2024 23:32

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[havinthelasttoast] 09/1/2024 21:21

Keep whining buddy. That helps.

[francoismyname] 09/1/2024 21:14

Must try harder toast.

Stick to deleting your posts . You are good at that

[havinthelasttoast] 09/1/2024 21:02

Interesting.


In 2023, on October 13, a breakout session of the IFRS Taxonomy Consultative Group (ITCG) was held in London, where topics on digital reporting of the primary financial report and the sustainability part of the annual report were discussed.

It defined what changes are needed in the existing standards and what new standards to be developed.

In the first half of 2024, a new standard, IFRS 18 Presentation and Disclosure in Financial Statements is planned to be published, which will enter into force on January 1, 2027 (unless an entity decides to apply the requirements earlier). IFRS 18 will completely replace IAS 1 Presentation of Financial Statements. The primary objective of the new standard is to improve the quality of reported information. New requirements will definitely be introduced, and the general approach and methodology for IFRS accounting taxonomy will be revised (read about what IFRS taxonomy is here: hxxps://www.orients.lv/en/blog/IFRS-XBRL-parskati/). In October, our team participated in the Data Amplified event organized by XBRL International in Zurich, where Florian Esterer, representative of the IASB (International Accounting Standards Board), presented which aspects of IFRS 18 are in focus this year and which will be in the coming years. For example, this year, the focus is on the Profit or loss statement and next year on the Statement of Cash Flows reporting requirements.

This will be the first standard to be developed with the digital team. It plays a critical role in the reporting of financial statements on a global scale. This is because IFRS 18 will be harmonized in two dimensions at once.

The reported information will be strictly structured:

according to financial information disclosure requirements and
with the digital requirements.
This will be a big step towards comparability of financial annual reports internationally. Further in the article, let's try to understand what the mentioned conceptual changes mean in practice.

Based on the information published on the IASB official website, it is currently known that the new IFRS accounting standard will require:

to disclose two subtotals in the Profit or loss statement: Operating profit or loss and Profit before financing and income tax;
to disclose Management-defined performance measures - subtotals of income and expenses that are not defined in IFRS Accounting Standards and that are used in public communication outside of the financial statements to communicate the management's opinion on some aspect of the company's financial performance;
“to strengthen the requirements for aggregation and disaggregation of information in the primary financial statements and the notes” (IASB presentation, 2023).
When the new standard enters into force, some line items that will have changes in calculation or presentation in the financial statement compared to IAS 1, will also be given new names in the IFRS Accounting Taxonomy. For example, the item “Profit (loss) from operating activities”. The IFRS 18 standard will define exactly what information should be disclosed in the item Operating profit or loss. Since it is not precisely defined in the standards now, changes will also be made in the name of the item: from "profit (loss) from operating activities" to "Operating Profit or Loss”. The main purpose of the name change is to draw additional attention to this item and to reduce the risk of misleading users. It is important that, in this case, not only the name changes but also the components of the item, as well as the calculation will apply.

IFRS 18 will also define digital reporting requirements for primary financial reporting and reporting of the sustainability part of the annual report in Inline XBRL format, for which digital XBRL taxonomies are intended to be used.

Currently, the IASB is examining the possibilities of reducing the complexity of the Accounting Taxonomy according to the principle of disclosed information unification. One of the approaches considered and discussed in the session was line item modeling, which provides:

creation of additional accounting taxonomy elements for line items that can have in multiple/different categories. For example, the granularity of reporting in the overall P&L structure may differ for the reflection of depreciation and amortization costs;
merged presentation of Profit or loss statement by function of expense and by nature of expense into one taxonomy group, which will reduce the scope of overlapped elements, reduce technical tagging errors by entities, and make the overall view of the report easier to understand;
specific guidelines will be developed for extension elements creation and application.

[bigt20] 09/1/2024 20:58

IFRS 18 should be interesting.

[havinthelasttoast] 09/1/2024 20:49

The Imperialist - 02 Jan 2024 - 09:10.33 - 3302 of 3352

I maintain my 35p buying opportunity suggestion. If I was holding here, I'd be selling fast. Mouldy can’t be trusted.

DYOR.
The Imperialist - 03 Jan 2024 - 09:05:21 - 3308 of 3352
Your post illustrates your lack of knowledge perfectly. Thanks, I can now safely discount your comments.
The Imperialist - 03 Jan 2024 - 08:48:54 - 3309 of 3352
Support at 62p. If that is breached then Sanks gets his 31p.