2015 update on half-yearly financial reporting

Published on: 26 Jun, 2015

This publication provides an illustrative half-yearly financial report (also referred to as 'interim accounts') and disclosure checklist, suitable for use for June 2015 half-years. The regulatory requirements for UK listed companies’ half-yearly financial reports are also explained, highlighting the changes for preparers to contend with in 2015.

2015 does not see radical changes to half-yearly financial reporting compared to previous years, with no changes to IAS 34 Interim Financial Reporting becoming mandatorily effective for the first time and the 2014 Corporate Governance Code’s requirement for a longer term viability statement only applicable to annual reports. However, as set out in the publication, changes do exist. For example, some issuers of listed debt may need to prepare a half-yearly financial report for the first time.

The publication contains the following elements:

  • a regulatory overview, setting out the requirements for half-yearly financial reports and changes for preparers to contend with in 2015;
  • a short survey examining reporting practices by 54 FTSE 350 companies in their 2014 half-yearly financial reports, enabling companies to benchmark their own practices;
  • a model half-yearly financial report, including illustrative IAS 34 condensed financial statements; and
  • a disclosure checklist, including new material on FRS 104 Interim Financial Reporting for any single listed companies that have adopted FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.


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