2018 Update on Half Yearly Financial Reporting
Published on:
03 Jul, 2018
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The 2018 edition of our popular guide to half-yearly financial reporting contains the following elements:
- a regulatory overview, setting out the requirements for half-yearly financial reports and changes for preparers to contend with in 2018, including disclosures on the impact of implementing IFRS 15 Revenue from Contracts with Customers and IFRS 9 Financial Instruments;
- a model half-yearly financial report, including illustrative IAS 34 condensed financial statements; and
- a disclosure checklist.
2018 sees relatively few changes to half-yearly financial reporting, although the FRC has announced a thematic review of companies’ disclosures on the impact of IFRSs 9 and 15, which became mandatorily effective for periods commencing on or after 1 January 2018.
