An auditor disclosed the profit nature of the bank ‘Yugra’. Commentary from Natalia Borzova on RBC.
3 May 2017
The bank ‘Yugra’ significantly moved away from the widespread standard on preparation of financial statements by recording 29 billion rubles received from the shareholders in profit according to analysts. With a generally accepted presentation of this operation under IFRS, the bank would have remained unprofitable in their opinion.
Natalia Borzova
Deputy General Director of FinExpertiza
- Otherwise, the financial result would have been less by the amount of the shareholders’ contribution.