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QuestionsCategory: Financials QuadrantAnnual report showed differences in operating expenses?
Wise Adler asked 1 year ago

In reference to Singtel annual reports for FY2020 and FY2019, the ‘Staff costs’ shown for the year 2019 in FY2020 was 2,590 but it showed up for the year 2019 in FY2019 was 2,597.3. 
FY2020 for the year 2019 at page 183 under Operating Expenses.
https://www.singtel.com/content/dam/singtel/investorRelations/annualReports/2020/singtel-annual-report-2020.pdf
 
FY2019 for the year 2019 at page 167 under Operating Expenses.
https://www.singtel.com/content/dam/singtel/investorRelations/annualReports/2019/singtel-annual-report-2019.pdf
 
What is the reason for the discrepancy? In fact, there are also other discrepancies across other years on other sections too.

1 Answers
Victor Chng answered 1 year ago

Hi Wise Adler,
 
Such discrepancy are usually quite common because of the constant change in the way of accounting. As long as the amount is not huge, it is general still okay. 
 
When you saw such discrepancy when collecting financial date, always choose the latest figure.

Wise Adler replied 1 year ago

Thanks

Victor Chng replied 1 year ago

Welcome :)