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Select Harvests Emphasizes Compliance in Financial Reporting Amid Crop Yield Uncertainties

Story Highlights
  • Select Harvests adheres to Australian Accounting Standards for its almond crop financial statements.
  • There are risks and uncertainties in estimating almond crop yields impacting financial adjustments.
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Select Harvests Emphasizes Compliance in Financial Reporting Amid Crop Yield Uncertainties

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An announcement from Select Harvests ( (AU:SHV) ) is now available.

The latest news release from Select Harvests highlights the company’s financial statement preparation in accordance with Australian Accounting Standards, particularly AASB 141 Agriculture for the almond crop. This indicates a strong focus on transparency and compliance, which is crucial for stakeholders. The company acknowledges the inherent uncertainties and risks in estimating crop yields and selling prices, which could result in material adjustments to the asset and liability values in the next financial year.

More about Select Harvests

Select Harvests is a company operating in the agriculture industry, primarily focusing on the production of almonds. The company is involved in the cultivation, processing, and sale of almond crops, and it follows Australian Accounting Standards in its financial reporting.

YTD Price Performance: 14.77%

Average Trading Volume: 201

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $425.4M

For a thorough assessment of SHV stock, go to TipRanks’ Stock Analysis page.

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