The impact of the new reporting standards on SRV’s financial reporting and restated financial figures for 2017
SRV GROUP PLC STOCK EXCHANGE RELEASE 26 APRIL 2018, AT 8.15 AM The impact of the new reporting standards on SRV’s financial reporting and restated financial figures for 2017 The SRV Group Plc has applied the new standard IFRS 15 Revenue from Contracts with Customers from 1 January 2018 and has restated financial figures for 2017 in order for them to be comparable. The first interim report for 2018 to be published on 26 April will be prepared in accordance with the new standards.IFRS 15 affects the timing of sales revenue and expenses recognition and in some cases items