NOTES
TO THE NOVARTIS GROUP CONSOLIDATED FINANCIAL STATEMENTS
34.
SIGNIFICANT DIFFERENCES BETWEEN IFRS AND UNITED STATES GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES (US GAAP)
The Group’s consolidated financial
statements have been prepared in accordance with IFRS, which as applied by the
Group, differs in certain significant respects from US GAAP. The effects of the
application of US GAAP to net income and equity are set out in the tables below.
