Technical publications

Example financial statements

Matt Adam-Smith Matt Adam-Smith

The IFRS team at Grant Thornton Australia produces example financial statements to illustrate the application of the requirements in Australian Accounting Standards (AASBs) which incorporate International Financial Reporting Standards (IFRSs) as issued by the International Accounting Standards Board (IASB). 

The Australian financial reporting landscape continues to evolve as a result of changing expectations from investors, regulators and the government. On the one hand, there are increased calls from investors for cutting the disclosure clutter in financial statements and tailoring financial statements to better tell the story. However, on the other hand the accounting standard setters are requiring additional disclosures including those in the new accounting standards (namely leases, revenue and financial instruments). 

Furthermore, the federal government is calling for greater transparency as evidenced by the introduction of Tax Laws Amendment (Combating Multinational Tax Avoidance) Act 2015 which requires significant global entities with global income exceeding $1billion to prepare general purpose financial statements for periods beginning on or after 1 July 2016. All this increases the burden on preparers and auditors of financial statements as they need to make a conscious effort to tailor their disclosures and reduce unnecessary clutter while ensuring the financial statements tell their story clearly, concisely and authentically and comply with accounting standards.

Example Financial Statements for the year ended 31 December 2014

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2014, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example interim financial statements

Example listed public financial statements

Example Not for Profit financial statements

Example Not for Profit Reduced Disclosure Requirements financial statements

Example Reduced Disclosure Requirements financial statements

Example special purpose financial statements

Example unlisted public financial statements

Example Financial Statements for the year ended 31 December 2013

Grant Thornton Australia has prepared a number of Example Financial Statements for the year ended 31 December 2013, which have been tailored to suit a number of different scenarios. You can access them via the links below:

Example interim financial statements

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 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 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 listed public financial statements

Example Reduced Disclosure Requirements (RDR) financial statements

Example Not for Profit Reduced Disclosure Requirements (RDR) financial statements

Example Not for Profit financial statements

Example special purpose 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 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 listed company financial statements

Example large reporting entity financial statements 

Example Reduced Disclosure Regime (RDR) financial statements

Example unlisted public company financial statements

Example Not for Profit financial statements

Example Not for Profit Reduced Disclosure Regime (RDR) financial statements

Example special purpose - single company financial statements

Example interim consolidated 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 large reporting entity financial statements

Example listed entity financial statements

Example Reduced Disclosure Regime (RDR) financial statements 

Example unlisted public company financial statements

Example Not for Profit financial statements

Example Not for Profit Reduced Disclosure (RDR) financial statements 

Example special purpose - single company financial statements

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 large reporting entity financial statements

Example listed entity financial statements

Example Reduced Disclosure Regime (RDR) financial statements 

Example unlisted public company financial statements

Example special purpose - single company financial statements

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.

Example IFRS Financial Statements for the half year ending 30 June 2010

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

Example IFRS Financial Statements for the half year ended 30 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 year ending 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.