Although lockdown measures are easing in many parts of the world and parts of the economy are showing signs of recovery, the macroeconomic environment and outlook remain highly uncertain.  Many companies continue to face uncertainty about their prospects as a result of the ongoing impacts of the COVID-19 pandemic, the UK’s exit from the European Union, the impacts of climate change and wider macroeconomic factors, all of which can present reporting challenges for half-yearly financial reporters. Whilst companies will have addressed many of these challenges in their previous reporting against the backdrop of COVID-19, timely and high quality interim reporting that reflects the ongoing uncertainties companies face and their response to those uncertainties remains as important to investors, creditors and other stakeholders as ever. 

2021 update on half-yearly financial reporting includes:

• a section on ‘Interim reporting in 2021’ which provides a number of key messages from the FRC’s latest Thematic Review on interim reporting and other areas of consideration for 2021 half-yearly reporters;
• 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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