9 Reporting for the post-pandemic future
How to cope with the differing objectives in the longer run
The impact of the COVID-19 pandemic on reporting will be significant: the larger-than-expected downturn of economic activity, ‘the uncertainty about the further development of the pandemic and the widespread effect on sales, supply chain and financial markets and other areas add significant uncertainties to the financial results and outlooks which need careful consideration in investor communication’.1 That rather understates the case with debt by UK companies heading towards £100+ billion and similar amounts of new equity. It could even be much higher. (UK government net borrowing is heading towards £250 billion [£215 billion by the end of ...
