This report examines the annual reports of ASX200 companies for June to September 2015, with insight into common types of non-IFRS performance measures.
Since 2009 KPMG have undertaken a number of reviews of listed company annual reports to assess the prevalence of non-IFRS performance measures. Over this period the two most significant reconciling items between non-IFRS and statutory equivalent measures have related to impairments and fair value adjustments on financial instruments.
For over 60 percent of companies reviewed, the non-IFRS performance measures exceeded the relevant statutory measure, though this trend has been decreasing from 76 percent in 2009 to 64 percent in 2014.
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