Technical publications

Example financial statements

Matt Adam-Smith Matt Adam-Smith

The Financial Reporting Advisory 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 with a number of major changes coming into effect during 2018/2019. The new revenue and financial instruments standards became effective on 1 January 2018, impacting for the first time half-years ending 30 June 2018 (and full years ending 31 December 2018). Similarly, the new leases and income of not-for-profit requirements will kick in from 1 January 2019. In addition to these new requirements, many businesses are still grappling with the recent requirement for Significant Global Entities (entities within a group with a consolidated global income of $1 billion or more) to prepare and lodge general purpose financial statements with the Australian Taxation Office (ATO). Furthermore, the AASB has just introduced proposals to remove the current definition of ‘reporting entity’ from Australian Accounting requirements, effectively removing the option to prepare special purpose financial statements if entities are required by legislation or otherwise to comply with Australian Accounting Standards. All these changes add to the already complex financial reporting requirements and it is paramount that entities take a proactive approach to navigate through this challenging period.

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 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 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 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 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 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 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 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 [ 767 kb ]

Example listed entity financial statements [ 898 kb ]

Example Reduced Disclosure Regime (RDR) financial statements [ 596 kb ] 

Example unlisted public company financial statements [ 771 kb ]

Example special purpose - single company financial statements [ 397 kb ]

First-time adoption of IFRS [ 824 kb ]

Example consolidated financial statements for first time adopters updated for 2011 changes. 

New Zealand IFRS model financial statements [ 1020 kb ]

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 [ 688 kb ]

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 [ 464 kb ]

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 [ 761 kb ] 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 [ 431 kb ] 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 [ 663 kb ]

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.