What Is Available on this Page This page includes (click): 2009 IFRS Model Financial Statements 2009 IFRS Presentation and Disclosure Checklist for 2009 IFRS Compliance Questionnaire 2009 IFRS Interim Reporting Compliance Checklist for 2009 2008 IFRS Model Financial Statements 2008 IFRS Presentation and Disclosure Checklist for 2008 IFRS Compliance Questionnaire 2008 2007 IFRS Model Financial Statements 2007 IFRS Presentation and Disclosure Checklist for 2007 IFRS Compliance Questionnaire for 2007 IFRS Interim Reporting Compliance Checklist for 2007 IAS 1 (Revised 2007) Compliance Checklist Important: Use of these documents The model financial statements, checklists, and compliance questionnaires included in this section are provided solely for information purposes for your personal use. You should not provide or distribute them to any other person or entity. None of (1) the member firm that provides any of these documents, (2) Deloitte Touche Tohmatsu, or (3) any other member firm of Deloitte Touche Tohmatsu or any of their respective subsidiaries, affiliates, and related entities, is by means of these documents rendering accounting or other professional advice or services. These documents are not a substitute for professional advice or services; nor should they be used as the basis for any decision or action that may affect your business. None of (1) the member firm that provides any of these documents, (2) Deloitte Touche Tohmatsu, or (3) any other member firm of Deloitte Touche Tohmatsu or any of their respective subsidiaries, affiliates, and related entities, shall be responsible for any loss sustained by any person who relies on these documents. Please note that while every effort has been made to ensure that these documents are complete in terms of the relevant requirements of IFRSs, users will inevitably be required to exercise professional judgment based on specific circumstances (for example, determination of whether financial statements 'fairly present'). These documents are merely enabling tools that do not address such judgmental issues. Also, IFRSs are constantly changing. It is the responsibility of users of the documents on this page to maintain current working knowledge of IFRSs, which may affect the content of the model financial statements and checklists. 2 0 0 9 IFRS Illustrative Financial Statements for 2009 English Version These model financial statements for the year ended 31 December 2009 illustrate the application of the presentation and disclosure requirements of International Financial Reporting Standards (IFRSs) by an entity that is not a first-time adopter of IFRSs. They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative examples provided with a specific Standard. IFRS Model Financial Statements for 2009 (PDF file, 598k, English). IFRS Model Financial Statements for 2009 (Word file, Zipped 447k, English). English Version Including Early Adoption of IFRS 9 This version of our model IFRS financial statements for 2009 illustrates early adoption of IFRS 9 Financial Instruments, which was issued in November 2009. IFRS 9 is effective 1 January 2013, but early adoption is permitted starting in 2009. Illustrative IFRS Financial Statements Including IFRS 9 (PDF 598k). Illustrative IFRS Financial Statements Including IFRS 9 (Word file, Zipped 464k, English). German Version Deloitte (Germany) has published IFRS Musterkonzernabschluss Dezember 2009 – Model IFRS Financial Statements for 2009 in the German language (PDF 2,821k, 128 pages). Each item in the financial statements is cross-referenced to the relevant source in IFRSs. Polish Version Deloitte (Poland) has published Wzór skonsolidowanego sprawozdania finansowego wg MSSF za rok zakonczony 31 grudnia 2009 – Model IFRS Consolidated Financial Statements for 2009 in the Polish language. These model financial statements illustrate the accounting and disclosures required by IFRSs as endorsed by the European Union for reporting periods beginning on or after 1 January 2009. Please note that these financial statements reflect those IFRSs endorsed by the EU as of 31 October 2009. They do not reflect other IFRSs that are effective for 2009 but that were not endorsed by 31 October 2009. Click to download Model IFRS Consolidated Financial Statements for 2009 in Polish (PDF 2,808k) Danish Version Deloitte (Denmark) has published IFRS Eksempelregnskab 2009 – Model IFRS Financial Statements for 2009 in the Danish language (PDF 1,769k, 175 pages). Each item in the financial statements is cross-referenced to the relevant source in IFRSs. IFRS Presentation and Disclosure Checklists for 2009 English Version IFRS Presentation and Disclosure Checklist for 2009 (Word version) (ZIP of a Microsoft Word file 431k). The IFRS Presentation and Disclosure Checklist for 2009 is formatted to allow the recording of a review of financial statements, with a place to indicate yes/no/not-applicable for each presentation and disclosure item. IFRS Presentation and Disclosure Checklist for 2009 (PDF version) (PDF 596k) Spanish Version IFRS Presentation and Disclosure Checklist for 2009 (Word version, Spanish) (ZIP of a Microsoft Word file 383k). IFRS Presentation and Disclosure Checklist for 2009 (PDF version, Spanish) (PDF 1,863k) Canadian Versions (English and French) Deloitte Canada has published Canadian versions of Deloitte's 2009 IFRS Presentation and Disclosure Checklist. The Canadian versions difer from the global versions because they include 'consideration points' relating to key differences between Canadian GAAP and IFRSs that may be helpful for Canadian companies in assessing whether or not they meet the requirements of a specific IFRS. These considerations may also serve as a helpful reference source for Canadian companies on transition to IFRSs from Canadian GAAP. Also, the English version (.docm file) includes a built-in macro that allows users to select standards that are not applicable to them and exclude them automatically: 2009 IFRS Presentation and Disclosure Checklist - English (Macro Enabled) (ZIP of Word .docm file 736k) 2009 IFRS Presentation and Disclosure Checklist - French (ZIP of Word .doc file 407k) Polish Version Deloitte Poland has published the Polish version of Deloitte's 2009 IFRS Presentation and Disclosure Checklist. Click to download 2009 IFRS Presentation and Disclosure Checklist in Polish (PDF 2,060k) IFRS Compliance Questionnaire for 2009 English Version Deloitte's IFRS Global Office has published our IFRS Compliance Questionnaire for 2009. This 347-page questionnaire summarises the recognition and measurement requirements in IFRSs issued on or before 30 June 2009. It may be used to assist in considering compliance with those pronouncements. It is not a substitute for your understanding of such pronouncements and the exercise of your judgment. Users of the questionnaire are presumed to have a thorough understanding of the pronouncements and should refer to the text of the pronouncements, as necessary, in considering particular items in this questionnaire. The items in this questionnaire are referenced to the applicable sections of the IFRSs. Click to download: 2009 IFRS Compliance Questionnaire – Word version (ZIP of a Microsoft Word file 730k). 2009 IFRS Compliance Questionnaire – PDF version (PDF 2,184k). This questionnaire does not address the requirements of IFRSs as regards presentation and disclosure – please refer to Deloitte's separate IFRS Presentation and Disclosure Checklist for 2009. This questionnaire is suitable for use in assessing recognition and measurement in financial statements prepared in accordance with IFRSs for periods beginning on 1 January 2009. It is not generally appropriate for use for earlier accounting periods – please refer to previous versions of this questionnaire on this page. Spanish Version Cuestionario de Cumplimiento IFRS 2009 – Word version (ZIP of a Microsoft Word file 858k) Cuestionario de Cumplimiento IFRS 2009 – PDF version (PDF 5,592k) Canadian Versions (English and French) Deloitte Canada has published Canadian versions of Deloitte's 2009 IFRS Compliance Checklist. The Canadian versions difer from the global versions because they include 'consideration points' relating to key differences between Canadian GAAP and IFRSs that may be helpful for Canadian companies in assessing whether or not they meet the requirements of a specific IFRS. These considerations may also serve as a helpful reference source for Canadian companies on transition to IFRSs from Canadian GAAP. Also, the English version (.docm file) includes a built-in macro that allows users to select standards that are not applicable to them and exclude them automatically: 2009 IFRS Compliance Checklist - English (Macro Enabled) (ZIP of Word .docm file 1,526k) 2009 IFRS Compliance Checklist - French (ZIP of Word .docx file 1,533k) IAS 34 Interim Financial Reporting Compliance Checklist for 2009 This checklist summarises the requirements set out in IAS 34 Interim Financial Reporting at 28 February 2009. The checklist is formatted to allow the recording of a review of interim financial statements, with a place to indicate yes/no/not-applicable for each item. IAS 34 Interim Reporting Compliance Checklist for 2009 (PDF 128k) IAS 34 Interim Reporting Compliance Checklist for 2009 (MS Word Version, Zipped) (ZIP 441k) 2 0 0 8 IFRS Illustrative Financial Statements for 2008 Commercial and industrial company Although several new Standards and Interpretations were issued during 2008, none are effective for December 2008 year ends. For this reason, Deloitte has not produced revised IFRS model financial statements for December 2008 – the 2007 Version remains an appropriate source of reference for 2008. The majority of the Standards and Interpretations issued in 2008 are effective for annual periods beginning on or after 1 January 2009, and our 2009 IFRS model financial statements will reflect those pronouncements. Deloitte's Asia-Pacific IFRS Centre of Excellence in Hong Kong has published illustrative financial statements for the year ended 31 December 2008. These statements illustrate the application of Hong Kong Financial Reporting Standards (HKFRSs), as well as the requirements of the Hong Kong Companies Ordinance and the Listing Rules of the Stock Exchange of Hong Kong and the Growth Enterprise Market, issued and effective up to 31 December 2008. The statements do not reflect early application of new and revised standards, amendments, or interpretations that were issued but are not mandatory for 2008. Because HKFRSs are virtually identical to IFRSs, these statements also illustrate compliance with IFRSs for 2008. Click to download the HKFRS Illustrative Financial Statements for 2008 (PDF 1,330k). German version Deloitte (Germany) has published IFRS Musterkonzernabschluss Dezember 2008 – Model IFRS Financial Statements for 2008 in the German language (PDF 3,832k, 154 pages). Each item in the financial statements is cross-referenced to the relevant source in IFRSs. New for 2008 is the inclusion of IFRIC 11 through 14 and the reclassification amendment to IAS 39 and IFRS 7. Segment information is presented in two ways – using IFRS 8 (permitted but not mandatory for 2008) and IAS 14 (must be followed if IFRS 8 is not elected). Pronouncements not yet endorsed in the European Union are identified. Insurance company The Deloitte UK Insurance Centre of Excellence has published illustrative 2008 IFRS financial statements for an insurance group. The disclosures are based on IFRSs issued at 31 October 2008 and effective for years beginning on or after 1 January 2008. The statements are not intended to include 'model' disclosures covering all circumstances but, rather, to indicate the type of disclosure required. The nature and amount of disclosure will depend on the underlying business, the extent and complexity of financial instruments and insurance contracts, and how they are managed. Special references are made to disclosures that might be associated with the credit crunch and the recent IASB pronouncements on financial instruments, but further specific consideration by insurers will be needed. A copy of Deloitte's disclosure checklist for IFRS 4 and IFRS 7 is included at the end of the document. Click to download Delto Insurance Group plc – Illustrative Financial Statements and Selected Disclosures for the Year Ended 31 December 2008 (PDF 676k). IFRS Presentation and Disclosure Checklists for 2008 English Version IFRS Presentation and Disclosure Checklist for 2008 (Word version) (ZIP of a Microsoft Word file 502k). The IFRS Presentation and Disclosure Checklist for 2008 is formatted to allow the recording of a review of financial statements, with a place to indicate yes/no/not-applicable for each presentation and disclosure item. IFRS Presentation and Disclosure Checklist for 2008 (PDF version) (PDF 1,176k) Note that none of the new and revised Standards and Interpretations included in this checklist for the first time is effective for annual periods beginning 1 January 2008 (although early adoption is permitted for most). Therefore, for entities with year-ends of 31 December 2008 that have not elected to adopt any of these Standards or Interpretations in advance of their effective dates, and that would prefer to defer the move to the new terminology introduced by IAS 1(2007), it may be preferable to complete the 2007 Release of the Presentation and Disclosure Checklist, which includes all of the Standards and Interpretations effective for accounting periods beginning 1 January 2008. The only change will be that IFRICs 11, 12 and 14, which were not effective for accounting periods beginning 1 January 2007 and, therefore, were shown in shaded text in the 2007 checklist, are effective for periods beginning 1 January 2008 and, therefore, where applicable, they should be completed. Spanish Translation Deloitte & Touche Ltda (Colombia) has translated the 2008 IFRS Presentation and Disclosure Checklistinto Spanish: Lista de verificación de la presentación y la revelación IFRS 2008 – Versión Word (ZIP 397k) Lista de verificación de la presentación y la revelación IFRS 2008 – Versión PDF (PDF 2,756k) German Translation IFRS Checkliste zu Ausweis- und Angabevorschriften 2008 (PDF 3,239k) – German translation of the 2008 IFRS Presentation and Disclosure Checklist French Translation Liste de contrôle sur la présentation et les informations à fournir relativement aux Normes internationales d'information financière (PDF 2,935k) IFRS Compliance Questionnaire for 2008 English Version This questionnaire summarises the recognition and measurement requirements in International Financial Reporting Standards (IFRSs) including Interpretations. This questionnaire may be used to assist in considering compliance with those pronouncements. It is not a substitute for your understanding of such pronouncements and the exercise of your judgment. Users of the questionnaire are presumed to have a thorough understanding of the pronouncements and should refer to the text of the pronouncements, as necessary, in considering particular items in this questionnaire. The items in this questionnaire are referenced to the applicable sections of the IFRSs. This questionnaire addresses the measurement and recognition requirements of IFRSs issued on or before 31 October 2008. It does not address presentation and disclosure requirements. The questionnaire is 282 pages long. Click to download 2008 IFRS Compliance Questionnaire (Word version) (ZIP of a Microsoft Word file 706k). This questionnaire includes all new and revised Standards and Interpretations issued on or before 31 October 2008. Some of those become mandatory only in 2009, but early adoption is permitted in annual periods beginning 1 January 2008. Entities that have not elected to early-adopt any of these Standards or Interpretations may prefer to complete the 2007 Compliance Questionnaire, which includes all of the Standards and Interpretations mandatory for annual periods beginning on or after 1 January 2008. IFRICs 11, 12, and 14 that were not effective for annual periods beginning on or after 1 January 2007 were shown in shaded text in the 2007 questionnaire. However, these Interpretations are effective for annual periods beginning 1 January 2008 and the relevant sections in the questionnaire should be completed. Spanish Translation Deloitte & Touche Ltda (Colombia) has translated the 2008 IFRS Compliance Questionnaire into Spanish: Estándares internacionales de información financiera - Cuestionario de Cumplimiento (Noviembre 2008) (PDF 5,016k) Estándares internacionales de información financiera - Cuestionario de Cumplimiento (Noviembre 2008, Word) (ZIP of Word .doc 742k) French Translation Questionnaire sur la conformité aux Normes internationales d'information financière 5,240k) 2 0 0 7 IFRS Model Financial Statements for 2007 English Version These model financial statements for the year ended 31 December 2007 illustrate the application of the presentation and disclosure requirements of International Financial Reporting Standards (IFRSs) by an entity that is not a first-time adopter of IFRSs. They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative examples provided with a specific Standard. IFRS Model Financial Statements for 2007 (PDF 700k, English). Translations Deloitte (Canada) has published Model IFRS Financial Statements for 2007 in the French language (PDF 2,948k). Deloitte (Slovak Republic) has published Medzinárodné štandardy pre finanèné výkazníctvo: Vzorové finanĉné výkazy 2007 – Model IFRS Financial Statements for 2007 in the Slovak language (PDF 1,582k, 114 pages). Each item in the financial statements is cross-referenced to the relevant source in IFRSs. Deloitte (Germany) has published IFRS-Musterkonzernabschluss 2007 – Model IFRS Financial Statements for 2007 in the German language (PDF 1,266k, 149 pages). Each item in the financial statements is cross-referenced to the relevant source in IFRSs. Deloitte Czech Republic has published IFRS Model Financial Statements 2007 in the Czech language (PDF 1,123k, 133 pages). IFRS Presentation and Disclosure Checklists for 2007 English Version IFRS Presentation and Disclosure Checklist (Word version) (ZIP of a Microsoft Word file 423k). The checklist is formatted to allow the recording of a review of financial statements, with a place to indicate yes/no/not-applicable for each presentation and disclosure item. This is a Microsoft Word File Zipped. IFRS Presentation and Disclosure Checklist (PDF version) for the year ended 31 December 2007 (PDF 794k). Translations Deloitte (Germany) has published IFRS-Checkliste zu Ausweis- und Angabevorschriften 2007 – IFRS Presentation and Disclosure Checklist for 2007 in the German language (PDF 1,380k, 222 pages). Deloitte Czech Republic has published an IFRS Presentation and Disclosure Checklist 2007 in the Czech language (PDF 1,480k, 165 pages). The checklist is formatted to allow the recording of a review of financial statements, with a place to indicate yes/no/not-applicable for each presentation and disclosure item. Deloitte Korea has published the IFRS Presentation and Disclosure Checklist 2007 in the Korean language (PDF 1,147k, 154 pages). The checklist is formatted to allow the recording of a review of financial statements, with a place to indicate yes/no/not-applicable for each presentation and disclosure item. IAS 1 (Revised 2007) Compliance Checklist IAS 1 (Revised 2007) Presentation of Financial Statements was issued on 6 September 2007 and is effective for annual periods beginning on or after 1 January 2009, with early application permitted. Click to download: IAS 1 (Revised 2007) Compliance Checklist (PDF 223k) 2007 Interim Reporting Compliance Checklist IAS 34 compliance checklist as of 31 May 2007. The checklist is formatted to allow the recording of a review of interim financial statements, with a place to indicate yes/no/not-applicable for each item. 2007 Interim Reporting Compliance Checklist (Word version) (ZIP of Microsoft Word file 42k) 2007 Interim Reporting Compliance Checklist (PDF version) (PDF 91k) IFRS Compliance Questionnaire for 2007 English Version This questionnaire summarises the recognition and measurement requirements in International Financial Reporting Standards (IFRSs) including Interpretations. This questionnaire may be used to assist in considering compliance with those pronouncements. It is not a substitute for your understanding of such pronouncements and the exercise of your judgment. Users of the questionnaire are presumed to have a thorough understanding of the pronouncements and should refer to the text of the pronouncements, as necessary, in considering particular items in this questionnaire. The items in this questionnaire are referenced to the applicable sections of the IFRSs. This questionnaire addresses the measurement and recognition requirements of IFRSs issued on or before 31 August 2007. It does not address presentation and disclosure requirements. Note, however, that IAS 8.30 requires disclosures regarding Standards and Interpretations in issue but not yet effective at the date of issue of the financial statements. Therefore, in addition to the contents of the questionnaire, preparers will need to consider any Standards and Interpretations issued between 1 September 2007 and the date of issue of their 2007 financial statements. One example is the revised IAS 1, which was issued 6 September 2007. Presented Below is a separate compliance questionnaire for the revised IAS 1. The questionnaire is 282 pages long. Click below to download it in either MS Word or PDF format: 2007 IFRS Compliance Questionnaire (Word version) (ZIP of a Microsoft Word file 771k). 2007 IFRS Compliance Questionnaire (PDF version) (PDF 1,468k). Spanish Translation Deloitte & Touche Ltda (Colombia) has published Cuestionario cumplimiento NIIF 2007 – 2007 IFRS Compliance Questionnaire in Spanish (PDF 2,322k, 336 pages). It is a direct Spanish translation of the English version above. Korean Translation Deloitte (Korea) has published 2007 IFRS Compliance Questionnaire (PDF 2,129k, 307 pages). It is a direct Korean translation of the English version above.