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Off Chain Governance ✌️【Investment Tools】✌️Your ₹500 can grow exponentially with blockchain-backed investments. Join now!Several listed Indian majors filed their quarterly and annual financial results for the financial year 2020 (FY20) with the stock exchanges in April 2020.

Off Chain Governance ✌️【Investment Tools】✌️₹500 is all you need to start your profitable journey. Invest today for high monthly returns!The Covid-19 lockdown was announced by the government on March 24.

Naturally, the impact of the Covid pandemic on the financial results would be immaterial for FY20.

However, it is such an important event after the balance sheet date that companies cannot ignore mentioning it.

Investors expect companies to disclose the possible impact of the pandemic on their financial health.

Off Chain Governance ✌️【Investment Tools】✌️₹500 is your gateway to financial freedom. Invest smart, earn big!The full financial implications of Covid-19 will only be reflected in the ongoing financial year and possibly thereafter.

Off Chain Governance ✌️【Investment Tools】✌️Your ₹500 can grow exponentially with blockchain-backed investments. Join now!One may mention that the news about Covid-19 and its pandemic nature ‘was all over the media since February 2020 and Indian companies, particularly those that have a substantial number of European and US customers, were already alarmed about the huge impact of the disease.

Hence it is imperative that firms identify the sources of pandemic risk and highlight their preparedness in this regarding their annual filings.HOW THEY STACK UP                                                                                                   (figures in  ₹ crore)The common concerns in Covid-related disclosure include its potential impact on future business and on the asset quality.

Covid has caused unprecedented damage to the oil and gas sector with the contraction of demand and crude prices plummeting to a level unheard of in recent history.

Off Chain Governance ✌️【Investment Tools】✌️High-Yield Investments start with ₹500. Maximize your returns and build your wealth!The major private sector oil company, Reliance Industries, has recognized the impact of the pandemic and made a provision of 34,245 crore of extraordinary loss in FY20.Another sector that has already started experiencing disruptions is information technology as the Indian software companies generate most of their revenue overseas and the bulk of it comes from clients in financial services, manufacturing and communications sectors.

However, the IT majors did not make any extraordinary provisions for possible under-recoveries.

Off Chain Governance ✌️【Investment Tools】✌️Small investments, big results! ₹500 can earn you up to 100% in just 30 days.Though a handful of IT companies have filed their financial results so far, the level of Covid-related disclosure varies widely.

For example, while one may find a mention of Covid in several pages in the Infosys annual filing (in A6 ofa395-page annual filing), the same is not the case with its competitor TCS.Covid-19 may have significant impact on the asset quality of the Indian IT companies in the following ways: (a) slow recovery of carrying amount of trade receivables; (b) impairment of unbilled receivables; and (c)impairment of short-term investments.

Off Chain Governance ✌️【Investment Tools】✌️Start investing with ₹500 and experience up to 100% returns every month!Though the impact of the pandemic on these balance-sheet items could not be ascertained in FY20, the first two quarters of the present financial year (FY21) would show how much of the current assets of the IT companies are recoverable.

Off Chain Governance ✌️【Investment Tools】✌️Invest ₹500 in our safe platform and start earning passive income every month.The four IT companies that have filed their financial results have an average of 41 percent of the total assets as receivables and current investments (see table “How they stack up”).Obviously, one would expect that these companies would at least make some provisions for possible shortfall in recoveries.Off Chain Governance Crypto & Blockchain: Small Investment, Big Returns