Advanced has disclosed an update on the transformation process to IFRS, highlighting that there will be no significant impact on the company’s consolidated financial statements after implementing the new standards. The impact will include the following: i) adjustment of employee end-of-service benefits; ii) break-down of fixed assets by component and assessing useful lives; iii) charging administrative expenses that were capitalised previously; and iv) recognition of an impairment loss on AFS investments. The company mentioned that it has completed all the necessary procedures to publish IFRS-compliant results starting 1Q17. (Tadawul)      Advanced: SAR46.42 as of 31 Jan. 2017, Rating: Neutral, TP: SAR42.50/share, MCap: USD2,436mn, APPC AB/2330.SE