Example financial statements

The IFRS team at Grant Thornton Australia produces example financial statements to illustrate the application of the requirements in Australian Accounting Standards which incorporate International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB). These example financial statements are based on recent Grant Thornton International publication, however they have been tailored to suit the Australian financial reporting and regulatory environment.

While the preparation of financial statements in accordance with Australian Accounting Standards [International Financial Reporting Standards as adopted in Australia] has involved relatively little change over the last few years, the financial year ending 30 June 2013 is viewed by many as the ‘calm before the storm’ given the number of new financial reporting requirements that came into force on 1 January 2013.  These include AASB 10 Consolidated Financial Statements, AASB 11 Joint Arrangements, AASB 12 Disclosure of Interests in Other Entities and AASB 13 Fair Value Measurement, all of which may have a significant impact on the preparation of financial statements for the interim period ending 30 June 2013 and financial years ending 31 December 2013 and 30 June 2014.

Example financial statements for the year ending 30 June 2013
Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 30 June 2013, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example listed public financial statements

Example special purpose financial statements

Example Not-for-Profit financial statements

Example Not-for-Profit reduced disclosure requirements financial statements

Example reduced disclosure requirements financial statements

Example unlisted public financial statements

Example financial statements for the half-year ending 30 June 2013
Grant Thornton Australia has prepared a set of Example Interim Financial Statements for the half-year ended 30 June 2013, which can be accessed via the link below:

Example interim financial statements

Example financial statements for the year ending 31 December 2012
Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2012, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example consolidated financial statements for listed entities 

Example consolidated financial statements for those companies using the reduced disclosure regime 

Example consolidated financial statements for not-for-profit reporting entities

Example consolidated financial statements for not-for-profit entities using the reduced disclosure regime 

Special purpose example financial statements - single company 

Example financial statements for the half-year ending 31 December 2012
Grant Thornton has prepared Example Interim Financial Statements, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example interim consolidated financial statements

Example financial statements for the year ending 30 June 2012
Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 30 June 2012, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example consolidated financial statements for listed entities 

Example consolidated financial statements for large reporting entities 

Example consolidated financial statements for those companies using the reduced disclosure regime

Example consolidated financial statements for unlisted public companies

Example consolidated financial statements for not-for-profit reporting entities

Example interim consoldiated financial statements
Grant Thornton has prepared Example Interim Financial Statements, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example interim consolidated financial statements - 2012 (International)
Example interim consolidated financial statements - 2011 (Australia)  

Example financial statements for the year ending 31 December 2011
Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2011, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example consolidated financial statements for large reporting entities 

Example consolidated financial statements for listed entities 

Example consolidated financial statements for unlisted public companies 

Example consolidated financial statements for not-for-profit reporting entities 

Example consolidated financial statements for not-for-profit entities using the reduced disclosure regime 

Special purpose example financial statements - single company 

Should preparers like to discuss the recent developments within financial reporting and how these may impact upon your business, please contact your usual Grant Thornton Australia advisor, or the National Audit Support team on nationalaudit.support@au.gt.com. There are also various publications and alerts on the technical publications section of this website which provide an overview of these developments.

Example consolidated financial statements for the year ending 30 June 2011
Grant Thornton Australia has also prepared a number of Example Financial Statements for 30 June 2011, which have been tailored to suit a number of different scenarios. You can access them on the links below:

Example consolidated financial statements for large reporting entities 

Example consolidated financial statements for listed entities 

Example consolidated financial statements for those companies using the reduced disclosure regime 

Example consolidated financial statements for unlisted public companies 

Special purpose example financial statements - single company 

Should preparers like to discuss the recent developments within financial reporting and how these may impact upon your business, please contact your usual Grant Thornton Australia advisor, or the National Audit Support team on nationalaudit.support@au.gt.com. There are also various publications and alerts on the technical publications section of this website which provide an overview of these developments.

First-time adoption of IFRS
Example consolidated financial statements for first time adopters updated for 2011 changes.

New Zealand IFRS model financial statements
Illustrative example of general purpose financial statements for the year ended 30 June 2011 prepared in accordance with the Financial Reporting Act 1993, the Companies Act 1993, applying New Zealand equivalents to International Financial Reporting Standards (NZ IFRS).

Example IFRS Financial Statements for the year ending 31 December 2010
These Example Financial Statements have been reviewed and updated to reflect changes in IFRSs that are effective for the year ending 31 December 2010.

For further information on these example financial statements, please contact Keith Reilly - National Head of Professional Standards at keith.reilly@au.gt.com, or a member of the National Audit Support team at nationalaudit.support@au.gt.com.  

Example IFRS Financial Statements for the half year ending 30 June 2010
These Example Financial Statements have been reviewed and udpated to reflect changes in IFRSs that are effective for the  half year ended 30 June 2010.

In addition, Grant Thornton International has produced an alert on this topic, which you can access by clicking here.

For further information on these example financial statements, please contact Keith Reilly - National Head of Professional Standards at keith.reilly@au.gt.com or a member of the National Audit Support team at nationalaudit.support@au.gt.com.

Example IFRS Financial Statements for the year ending 31 December 2009
These Example Financial Statements have been reviewed and updated to reflect changes in IFRSs that are effective for the year ending 31 December 2009.

For further information on these example financial statements, please contact Keith Reilly - National Head of Professional Standards at keith.reilly@au.gt.com or a member of the National Audit Support team at nationalaudit.support@au.gt.com.  

Example IFRS Financial Statements for the half year ended 30 June 2009
This document illustrates a set of IFRS consolidated financial statements for the 6 month period ended 30 June 2009.  This document illustrates the impact of the new standards which take effect in 2009 on interim reports in accordance with IAS 34 (AASB 134) Interim Financial Reports

For further information on these example financial statements, please contact Keith Reilly - National Head of Professional Standards at keith.reilly@au.gt.com or a member of the National Audit Support team at nationalaudit.support@au.gt.com.  

IFRS Example Financial Statements
This document illustrates a set of IFRS consolidated financial statements for the 12 month period ended 31 December 2008. This includes the early adoption of IAS 1(AASB 101) Presentation of Financial Statements and IFRS 8 (AASB 8) Operating Segments.