This posting is a pre-production version of these model financial statements, which means that they do not have full formatting or covers. We expect to post a final 'production version' by the end of October 2009.
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IFRS Illustrative Financial Statements for 2009 – What's New
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In these 2009 model financial statements, we have illustrated the impact of the adoption of a number of new and revised Standards and Interpretations as follows:
- IAS 1 (as revised in 2007) Presentation of Financial Statements
- IFRS 8 Operating Segments
- Improving Disclosures about Financial Instruments (Amendments to IFRS 7 Financial Instruments: Disclosures)
- Amendments to IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (adopted in advance of effective date of 1 January 2010)
- Amendments to IAS 7 Statement of Cash Flows (adopted in advance of effective date of 1 January 2010)
- IFRS 3 (as revised in 2008) Business Combinations
- IAS 27 (as revised in 2008) Consolidated and Separate Financial Statements
- IAS 28 (as revised in 2008) Investments in Associates
- IFRIC 13 Customer Loyalty Programmes
- Amendments to IAS 38 Intangible Assets (part of 'Improvements to IFRSs 2008')
- Amendments to IAS 40 Investment Property (part of 'Improvements to IFRSs 2008')
- Amendments to IAS 20 Accounting for Government Grants and Disclosure of Government Assistance (part of 'Improvements to IFRSs 2008')
- Amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures regarding reclassifications of financial assets
The following new and revised Standards and Interpretations have also been adopted in these financial statements. However, their adoption did not have any significant impact on the amounts reported but may impact the accounting for future transactions or arrangements:
- Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards and IAS 27 Consolidated and Separate Financial Statements – Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate
- Amendments to IFRS 2 Share-based Payment – Vesting Conditions and Cancellations
- IAS 23 (as revised in 2007) Borrowing Costs
- Amendments to IAS 32 Financial Instruments: Presentation and IAS 1 Presentation of Financial Statements - Puttable Financial Instruments and Obligations Arising on Liquidation
- Amendments to IAS 39 Financial Instruments: Recognition and Measurement – Eligible Hedged Items
- IFRIC 15 Agreements for the Construction of Real Estate
- IFRIC 16 Hedges of a Net Investment in a Foreign Operation
- IFRIC 17 Distributions of Non-cash Assets to Owners (adopted in advance of effective date of 1 July 2009)
- IFRIC 18 Transfers of Assets from Customers (adopted in advance of effective date of transfers of assets from customers received on or after 1 July 2009)
- Various Improvements to IFRSs (2008)
- Various Improvements to IFRSs (2009)
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IFRS Illustrative Financial Statements for 2009 (Word file, Zipped 702k). Our comprehensive page of IFRS model financial statements and related checklists is
Here.
