Writedown reversal balance sheet full#

This was comprised of an organic revenue increase of 5.3% internationally and 6.8% in the U.S.

Writedown reversal balance sheet full#

Full year 2015 revenue was $7.61 billion, compared to $7.54 billion in 2014, with an organic revenue increase of 6.1% compared to the prior-year period.

Management targets 2016 organic revenue growth of 3% - 4% and further 50 basis points or better improvement in operating margin.Board approves 25% increase in quarterly dividend and additional $300 million toward share repurchase program.FY15 adjusted diluted EPS rose 23% to $1.21 from FY14 adjusted diluted EPS of $0.98 - FY15 diluted EPS was $1.09.Operating margin expanded to 11.5% for FY15 and to 20.8% for Q4.Company posted FY15 revenue of $7.61 billion, with strong organic revenue growth of 6.1% for FY15 and 5.2% for Q4.Major losses suffered as a result of a natural disaster occurring after the end of reporting period.Initiation of a major litigation against the company arising out of events that occurred after the reporting period.ManagementвЂ™s plan to discontinue or significantly curtail its activities in major geographic segments.

Non-Adjusting Events are considered material if they could influence the economic and financial decisions of the users of financial statements.Д®xamples of material non-adjusting events include: The nature and estimate of the financial impact of materialВ non-adjusting events shall be disclosed in the financial statements. Initiation of litigation against the company arising out of events that occurred after the reporting period does not indicate the existence of liability at the reporting date and shall notВ therefore trigger the recognition of liability in the financial statements in accordance with IAS 37В Provisions, Contingent Liabilities and Contingent Assets.Hence, the financial statements should notВ be adjusted to account for the impairment loss that arose after the end of reporting period. Destruction of assets of the entity by floods occurring after the reporting period does not indicate that the assets of the entity were impaired at the end of reporting period.Declaration of dividends after the reporting date does not indicate existence of liability to pay dividends at the reporting date and shall notВ therefore trigger the recognition of liability in financial statements in accordance with IAS 37В Provisions, Contingent Liabilities and Contingent Assets.Non-Adjusting Events).Д®xamples of Non-Adjusting Events include: Financial statements may be adjusted to reflect accounting for those errors or frauds that relate to the present or prior reporting periods in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.Д®ntity shall notВ adjust the financial statements in respect of those events after the end of reporting period that reflect conditions that arose afterВ the end of reporting period (i.e. Detection of fraud or errors after the reporting period may indicate that the financial statements are misstated.Impairment may be recognized in the financial statements by reducing the amount of receivable to its recoverable amount, if any. Declaration of bankruptcy by a long outstanding receivable after the reporting date may provide evidence that the receivable was impaired at the reporting date.A liability in respect of the litigation may be recorded in the financial statements if not recognized initially or the amount of liability may be adjusted in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets. Settlement of litigation against the entity after the reporting date, in respect of events that occurred before the end of reporting period, may provide evidence of the existence and amount of liability at the reporting date.

Adjusting Events), then the financial statements must be adjusted accordingly. If any events occur after the end of the reporting period that provide further evidence of conditions that existed at the end of reporting period (i.e.