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Financial News

Jan 2023 Financial News

Guardian Holdings Limited - Notice of Material Change

Jan 10, 2023

Guardian Holdings Limited (“GHL”) hereby advises that the existing standard on insurance contracts, International Financial Reporting Standard (“IFRS”) 4, will be replaced by IFRS 17. The new standard will materially change the recognition and measurement of insurance contracts and the corresponding presentation and disclosures in GHL’s Consolidated Financial Statements.

Effective 1st January, 2023, Guardian Group implemented IFRS 17 and restated all relevant prior periods in accordance with the transition requirements of the standard.

This Notice is published pursuant to Section 64(1) (b) of the Securities Act 2012.

Source
The Trinidad and Tobago Stock Exchange Limited
Tuesday 10th January, 2023