Alba SA published a profit of 1,250,000 for the first half-year of 20X5. In the third quarter, it voluntarily changes its accounting policy (IAS 8), the cumulative effect at the beginning of the year being determinable (case assumption). Applied to the first half-year, the new policy reduces profit by 85,000 (case data). Calculate the restated profit of the first half-year to be shown in the third-quarter report.
- Published profit of the first half-year
- 1,250,000
- Reduction in profit due to the change in policy (case data)
- 85,000