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2020 update on half-yearly financial reporting

Published on: 02 Jul 2020

The emergence of the COVID-19 pandemic is expected to have the most significant impact on half-yearly financial reports in 2020. For many companies, while the effects of COVID-19 would have been disclosed in the last annual financial statements as events after the reporting period, the 2020 half-yearly financial report will reflect those effects in the statements of financial performance and position for the first time. It will be important, therefore, that reporting issues arising, directly or indirectly, from the COVID-19 pandemic are properly addressed in those half-yearly financial reports.

2020 update on half-yearly financial reporting includes:

  • a section on ‘Interim reporting in 2020’ which highlights the areas of consideration, arising from the COVID-19 pandemic, which are most likely to be relevant for half-yearly financial reports incorporating recent guidance from the FRC, ESMA and IOSCO;
  • a section summarising the regulatory requirements for half-yearly financial reports of UK listed companies subject to the DTR;
  • a model half-yearly financial report, including illustrative IAS 34 condensed financial statements; and
  • a disclosure checklist.

Click below for the full guide.


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