Uncertainty remains a key factor for companies to deal with when preparing 2022 half-yearly financial reports.  Companies face a wide range of challenges due to the ongoing impacts of the pandemic, climate change, rising commodity prices and inflation, global supply chain disruption and labour shortages, with many issues exacerbated by the conflict between Russia and Ukraine.  For those companies directly impacted by the conflict, uncertainty remains over future operations in and trade with affected and neighboring regions and the impact of sanctions. 

Whilst companies will be more familiar with reporting in times of uncertainty, 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.

2022 update on half-yearly financial reporting includes:

• a section on ‘The Interim reporting landscape in 2022’ which provides a number of key messages from ESMA's public statement on the implications of Russia's invasion of Ukraine on half-yearly financial reports, messages from the FRC’s Thematic Review on interim reporting and other areas of consideration for 2022 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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