Illustrative IFRS Consolidated Financial Statements for 2019 Year Ends

This publication presents the sample annual financial reports of a fictional listed company, VALUE IFRS Plc. It illustrates the financial reporting requirements that would apply under IFRS as issued at 31 May 2019. Supporting commentary is also provided.

This latest edition includes:

• Illustrative disclosures to reflect the adoption of IFRS 16 'Leases', and to explain the impact of the changes in accounting policy
• Comparative information for some of the financial instruments disclosures that were new last year and where comparatives were therefore not required, and a few improvements to other existing disclosures
• Appendices including illustrative disclosures for IFRS 6, 'Exploration for and evaluation of mineral resources' and IAS 41, 'Agriculture'
• A summary of new standards and amendments effective for the first time for years ending 31 December 2019, and of forthcoming requirements