Kuwait-Mubasher: Kuwait Finance and Investment (KFIC) said that retained earnings decreased by KWD 108,000 as registered on 31 December, 2015, according to a statement issued on Tuesday.
KFIC clarified that the decline was due to changes in the accounting policy of the end of service benefits.
It added that these changes led to an increase in the employees’ expenses by KWD 27,000 for the fiscal year ended 31 December, 2015.
