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SIX Group AG Selnaustrasse 30 8021 Zürich, Switzerland http://www.six-group.com
Contact Mr Alain Bichsel +41 58 399 26 75
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SIX Group AG

SIX Exchange Regulation reaches agreement with Myriad Group Ltd.

(PresseBox) (Zürich, )
SIX Exchange Regulation has reached an agreement with Myriad Group Ltd. in relation to the breach of International Financial Reporting Standards (IFRS) in the 2010 annual financial statements. The error identified relates to the incorrect presentation of expenses in the income statement. Under the agreement, the company pays CHF 25,000 to the IFRS Foundation.

Myriad Group Ltd. presents its expenses in the income statement using a classification based on their function within the entity (e.g. cost of sales or administrative expenses). However, in its annual financial statements 2010 the company failed to allocate 38% of its expenses to the different
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.