Example financial statements

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

Consistent with the preceding reporting periods, there are relatively few new amendments and standards applicable for the reporting periods ending 31 December 2021 and 30 June 2022 for entities preparing general purpose financial statements. The main amendment which has a relatively broad impact is AASB 2021-3 Amendments to Australian Accounting Standards – Covid-19 Related Rent Concessions beyond 30 June 2021 which extends by one year the application period of the practical expedient added to AASB 16 by AASB 2020-4 Amendments to Australian Accounting Standards – Covid-19 Related Rent Concessions.

To assist Australian entities, we have produced a set of financial statements for the year ending 31 December 2021. While this set of example financial statements is IFRS-based, it equally applies in the Australian context as the Australian requirements for financial reporting when considered in the context of AASB 1054 Australian Additional Disclosures and the Corporations Act 2001 (which includes certain additional disclosures).

Example Financial Statements for half-year 30 June 2021 and financial year-end 31 December 2021

• IFRS example consolidated financial statements 2021
• IFRS interim consolidated financial statements 2021
• Appendices to IFRS example consolidated financial statements 2021

Example Financial Statements for half-year 30 June 2020 and financial year-end 31 December 2020

• IFRS example consolidated financial statements 2020
• IFRS interim consolidated financial statements 2020

Example Financial Statements for half-year 30 June 2019 and financial year-end 31 December 2019:

• IFRS example interim consolidated financial statements 2019
• IFRS example consolidated financial statements 2019

 

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Download PDF [364 kb]