GDS Holdings has released a detailed reconciliation report comparing its financial statements under U.S. GAAP and IFRS standards for the six months ended June 30, 2024. The report, reviewed by KPMG under limited assurance engagement, outlines key accounting differences in areas including lease accounting, convertible bonds, and redeemable preferred shares.The reconciliation highlights significant variations in financial presentation, particularly in lease classification, where IFRS treats all leases as finance leases while U.S. GAAP maintains a dual-classification model. Notable differences also exist in the treatment of convertible bonds and redeemable preferred shares, with IFRS requiring bifurcation into liability and equity components.The report received KPMG's limited assurance conclusion, confirming the accuracy of reconciliation calculations and compliance with both accounting standards. This reconciliation aids investors in understanding the company's financial position under different accounting frameworks, ensuring transparency in financial reporting across international markets.

GDS Holdings has released a detailed reconciliation report comparing its financial statements under U.S. GAAP and IFRS standards for the six months ended June 30, 2024. The report, reviewed by KPMG under limited assurance engagement, outlines key accounting differences in areas including lease accounting, convertible bonds, and redeemable preferred shares.The reconciliation highlights significant variations in financial presentation, particularly in lease classification, where IFRS treats all leases as finance leases while U.S. GAAP maintains a dual-classification model. Notable differences also exist in the treatment of convertible bonds and redeemable preferred shares, with IFRS requiring bifurcation into liability and equity components.The report received KPMG's limited assurance conclusion, confirming the accuracy of reconciliation calculations and compliance with both accounting standards. This reconciliation aids investors in understanding the company's financial position under different accounting frameworks, ensuring transparency in financial reporting across international markets.