These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December 2019 by an entity that is not a first-time adopter of IFRSs. They illustrate the impact of the application of IFRSs that are mandatorily effective for the annual period beginning on 1 January 2019.

The publication includes:

• Consolidated statement of profit or loss and other comprehensive income
• Consolidated statement of financial position
• Consolidated statement of changes in equity
• Consolidated statement of cash flows
• Notes to the consolidated financial statements
• Independent auditor’s report
• Appendix 1 – Prior year adjustment

Please click to download the model financial statements here. The model financial statements illustrate the initial application of IFRS 16 Leases using a full retrospective approach. An appendix illustrating transitioning to IFRS 16 Leases using the cumulative catch-up approach is available here.