Memo

IFRS

Illustrative financial statements October 2012 kpmg.com/ifrs 1

Contents
What’s new

2

About this publication

3

Independent auditors’ report on consolidated financial statements

5

Consolidated financial statements

7

Consolidated statement of financial position

9

Consolidated statement of comprehensive income – single-statement approach

13

Consolidated statement of changes in equity

17

Consolidated statement of cash flows

21

Notes to the consolidated financial statements

25

Appendices
I

New standards or amendments first effective for 2012 and forthcoming requirements

221

II

Consolidated income statement and consolidated statement of comprehensive income – two-statement approach

225

III Consolidated statement of cash flows – direct method

229

IV Example disclosures for entities that early adopt Presentation of Items of Other Comprehensive Income
(Amendments to IAS 1 Presentation of Financial Statements)

231

V

233

Example disclosures for entities that early adopt IFRS 9 Financial Instruments (2010)

VI Example disclosures for entities that early adopt IAS 19 Employee Benefits (2011)

255

VII Example disclosures for entities that early adopt IFRS 10 Consolidated Financial Statements,
IFRS 11 Joint Arrangements and IFRS 12 Disclosure of Interests in Other Entities

269

VIII Example disclosures for interests in unconsolidated structured entities

289

IX Example disclosures for entities that early adopt IFRS 13 Fair Value Measurement

291

X

299

Example disclosures for entities that require going concern disclosures

XI Example disclosures for distributions of non-cash assets to owners

301

XII Example disclosures for government-related entities under IAS 24 Related Party Disclosures

303

XIII Example disclosures for entities with a service concession arrangement

307

Technical guide

310

Other ways KPMG member