Example financial statements

The IFRS team at Grant Thornton International, of which Grant Thornton Australia Limited is a member, produces example financial statements to illustrate the application of the presentation and disclosure requirements of International Financial Reporting Standards (IFRS) which are consistent with Australian Accounting Standards (AASBs).

The preparation of financial statements in accordance with Australian Accounting Standards (AASBs) [Australian Equivalents to International Financial Reporting Standards (IFRS)] has been challenging over the last reporting season. The upcoming reporting season sees a period of consolidation and refinement, as there are minimal changes to the financial reporting requirements. However, preparers need to be wary of the next oncoming wave of changes as the various convergence projects between the International Accounting Standards Board (IASB)/Financial Accounting Standards Board (FASB) reach completion.

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

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

Example interim consolidated financial statements

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 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 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
Grant Thornton Australia has also prepared a number of Example Financial Statements for 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

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.

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

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.

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