Illustrative IFRS financial statements and checklists of disclosures.
Our Guides to financial statements help you to prepare financial statements in accordance with IFRS. They have two components:
Users and regulators have shown a growing interest in the possible impact of the new major standards that have been issued but are not yet effective – i.e. IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leases. Regulators have communicated their expectation that, as the implementation of the new standards progresses, more information about their possible impact should become reasonably estimable and companies will be able to provide progressively more entity-specific qualitative and quantitative information about the application of the new standards in their financial statements.
The 2017 annual Illustrative disclosures therefore include disclosures on the possible impact of standards.
For entities that decide to early adopt, the following Illustrative disclosures are available:
For entities that decide to early adopt, Chapter 6 in the Disclosure checklist includes the disclosure requirements of standards that are available for early adoption.
Investors continue to ask for a step-up in the quality of business reporting, so companies should be careful not to become buried in compliance to the exclusion of relevance. In preparing their financial statements, companies need to focus on improving their communication by reporting financial information in a meaningful way and innovating their financial statement presentation and disclosure in the broader context of better business reporting. For more information, see our Better business reporting website.
Annual Illustrative disclosures
Supplements to annual Illustrative disclosures
|IFRS 16 supplement|
|IFRS 15 supplement|
|IFRS 12 supplement|
Annual Disclosure checklists
Interim Illustrative disclosures
Interim Disclosure checklists
|Annual Illustrative disclosures for investment funds||2017 edition│2016 edition │ 2015 edition|
|Annual Illustrative disclosures for banks||IFRS 9: 2015 edition|
|IAS 39: 2016 edition | 2017 supplement|
|Annual Illustrative disclosures for insurers||IFRS 17 and IFRS 9: 2018 edition|
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