Technical publications

Example financial statements

Andrew Rigele Andrew Rigele

Grant Thornton produces example financial statements to illustrate the application of the requirements in Australian Accounting Standards (AASBs) and International Financial Reporting Standards (IFRSs).

The reporting period ending 30 June 2019 represents a major change for many Australian entities due to the first time application of a number of new major accounting standards. AASB 15 Revenue from Contracts with Customers and AASB 9 Financial Instruments apply for the first time to annual reporting period ending 30 June 2019 for (for-profit) entities with a June financial year end. In addition, AASB 16 Leases applies for the first time to interim periods ending on 30 June 2019. These new requirements introduce significant complexities and challenges for Australian entities.

To assist Australian entities navigate through these challenges, we have produced a set of interim financial statements for the period ending 30 June 2019, illustrating the application of AASB 16 (which is identical to its international equivalent, IFRS 16 Leases). While this set of example financial statements is IFRS-based, it equally applies in the Australian context as the Australian requirements for interim financial reporting (AASB 134 Interim Financial Reporting) are identical to the IFRS requirements (IAS 34 Interim Financial Reporting).

If you would like to access our example financial statements illustrating the first time application of AASB 15 and AASB 9 to a full year period, please refer to our 31 December 2018 edition of example financial statements in the section below. Note that AASB 15 only applies to not-for-profit entities from 1 January 2019. Accordingly, our 31 December 2018 not-for-profit example financial statements have not illustrated the first time adoption of AASB 15.

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.