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IFRS model financial statements 2018

Published on: Nov 29, 2018

IFRS model financial statements 2018 — Released November 29, 2018

Deloitte's Global IFRS Office has released International GAAP Holdings Limited — Model financial statements for the year ended December 31, 2018.

These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended December 31, 2018 by an entity that is not a first-time adopter of IFRS Standards. They illustrate the impact of the application of IFRS Standards that are mandatorily effective for the annual period beginning on January 1, 2018.

The publication includes:

  • Consolidated statement of profit or loss and other comprehensive income
  • Consolidated statement of financial position
  • Consolidated statement of changes in equity
  • Consolidated statement of cash flows
  • Notes to the consolidated financial statements
  • Auditor’s report
  • Appendix 1 – Prior year adjustment

Appendix 1: Early adoption of IFRS 16, Leases — Released August 10, 2018

This Appendix has been produced to complement the International GAAP Holdings Limited Model financial statements for the year ended December 31, 2017. It focuses on the changes introduced by the requirements in IFRS 16, Leases which is effective for annual periods beginning on or after January 1, 2019 (earlier application is permitted if disclosed and if IFRS 15, Revenue from Contracts with Customers is also applied).

Appendix 2: Early application of IFRS 15, Revenue from Contracts with Customers — Released November 14, 2017

This Appendix has been produced to complement the International GAAP Holdings Limited Model financial statements for the year ended December 31, 2017. It focuses on the disclosure requirements in IFRS 15, Revenue from Contracts with Customers which are effective for annual periods beginning on or after January 1, 2018. It does not illustrate all the disclosures in IFRS 15, which will depend on an entity's underlying facts and circumstances.

An appendix illustrating early adoption of IFRS 9 will also be made available.

These publications were released by our Global firm.

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