Our Guide to annual financial statements – Illustrative disclosures for banks has been updated to reflect early application of IFRS 9 Financial Instruments.
IFRS 9 is a new, complex standard, and the interpretation of its requirements is subject to ongoing discussions. This guide does not intend to pre-empt this process, but aims to help banks implement IFRS 9, by guiding them through the decision-making process needed to prepare the required disclosures.
This guide illustrates example disclosures for the early adoption of IFRS 9 by a bank and of consequential amendments to other standards, which are required to be adopted at the same time. Apart from that, it reflects IFRSs in issue at 31 December 2015 that are required to be applied by a bank with an annual period beginning on 1 January 2015.