Accounting, Auditing, Actuarial, IFRS Foundation & IASB, International Financial Reporting Standards (IFRSs), 2018 International Financial Reporting Standards (IFRSs), Illustrative Examples Accounting, IFRS, Insurance & Reinsurance IFRS 16 Leases Illustrative Examples These examples accompany, but are not part of, IFRS 16. hޜ�Mo1������;��U� QE����ʡ� The example disclosures should not be considered the only acceptable form of presentation. These examples accompany, but are not part of, IFRS 16. They illustrate aspects of IFRS 16 but are not intended to provide interpretative guidance. 699 0 obj <>/Filter/FlateDecode/ID[<185B376FC7BBA31DD9B27AE00708B559>]/Index[670 62]/Info 669 0 R/Length 122/Prev 355532/Root 671 0 R/Size 732/Type/XRef/W[1 2 1]>>stream These are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards. Illustrative examples. Note 26 provides example disclosures which explain the impact of the changes in accounting policy. Educational material on fair value measurement Measuring the fair value of unquoted equity instruments within the scope of IFRS 9 Financial Instruments. [����V2��*�X�8��4�(������pB`@�hxLx1�>~�X!��$�y�'p��0���/����c�{ Illustrative consolidated fi nancial statements for various industry sectors* *Latest updates available electronically only This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. They illustrate aspects of IFRS 16 but are not intended to provide interpretative guidance. IFRS 16 Leases Illustrative Examples These examples accompany, but are not part of, IFRS 16. The Group is a fictitious, large publicly listed manufacturing company. year in which it adopts IFRS 16 with a date of initial application of 1 January 2019. %PDF-1.6 %���� endstream endobj 1867 0 obj <>stream Example 1: Illustrative … fi nancial statements in accordance with IFRS. These Illustrative Examples, Comparison with SFAS 141(R) and Table of Concordance accompany IFRS 3 Business Combinations (see separate booklet) and are published by the International Accounting Standards Board (IASB), 30 Cannon Street, London EC4M 6XH, United Kingdom. 1866 0 obj <>stream h�Tʱ Tel: +44 … Illustrative Examples IFRS 17 Insurance Contracts (May 2017) Prospective amendments. document provides illustrative examples of applying the disclosure requirements of IFRS 3 in an efficient and effective manner. CLARIFICATIONS TO IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS—APRIL 2016 Amendments to the Illustrative Examples on IFRS 15 Revenue from Contracts with Customers Paragraphs IE45, IE47, IE50–IE51, IE55–IE57, IE61, IE63, IE225–IE227, IE230–IE232, IE237–IE238, IE240–IE245, IE247–IE248, IE275, IE277–IE280, IE286–IE287, IE290–IE294, IE296, IE299–IE300, … Examples of source references used are: 11.48 = Paragraph 48 of Section 11 of the IFRS for SMEs. IFRS 3 Business Combinations Illustrative Examples Comparison with SFAS 141(R) Table of Concordance. grantthornton. For example, entities applying IFRS 15 under the full retrospective . The example disclosures in this supplement relate to a listed corporation in the . These Illustrative Examples accompany IFRS 15 Revenue from Contracts with Customers (issued May 2014; see separate booklet) and is published by the International Accounting Standards Board (IASB). September 2020 ... Each illustrative example deals with a specific, independent and unrelated fact pattern and is therefore not intended to reconcile to the other examples or the September 2020 guide. provides selected application examples. �QV]A��V^QV^�&k� ��A�+�8�b*jJc!C�T��L 731 0 obj <>stream The example disclosures, if material, for some of these additional items have been included in appendix III. h��T[HQ�w�=��e7�4m����E�Fm�]�(�f�� ��mc(��6�R^�m�J�2�$���Jݵ�b�FE��.D�b�33{1_zm��~�?����f� @[z �>��g 0 Leases. h�bbd``b`�$R��O �zH0��������b�7A�� �ak��]$�Հ�~"�`��b�X ��4�8 "��@�N�HT(2012���8����� 4�� endstream endobj 671 0 obj <> endobj 672 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/Properties<>/XObject<>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 673 0 obj <>stream They illustrate aspects of IFRS 16 but are not intended to provide interpretative guidance. accompanied by an explanation or illustrative example. This publication outlines the key features of IFRS 3 and provides illustrative examples to assist readers in applying the standard. IFRS 6 Exploration for and Evaluation of Mineral Resources, IFRS 14 Regulatory ... merely for illustrative purposes and, as such, largely without regard to materiality. IFRS 16 Leases Illustrative Examples IE1. Illustrative Examples December 2019 Includes a comparison of proposals with requirements in IAS 1 Presentation of Financial Statements General Presentation and Disclosures Comments to be received by 30 September 2020 Comment deadline changed from 30 June 2020 because of the covid-19 pandemic. You can find new or revised disclosures by looking for shading in the reference column. Example 1: Illustrative … 9���=jݢ�� ��eX:�Π�Yt�݂�@w�;��t�?�@��#��z'q"1�B�%���]$�.� �7��m,��m�� �a=l�&�nj}*���Z��Π3��݂nA��;���,�݃�A����z=�EO�'�Θ���.|8uҦ��)E��"���V��XĽ���x�5���a��uׇ�J_���u�ַ�wm4?f���L�����~wP˺�����{v�]�L#�����L���Vq�������FѰ|�I��Y��nw@)�C&��\�Zg�\�w3��|u�����~|�j�+j����t(�/�ɍ�L��$�/������ �Ҫ� covers all of the requirements of IFRS 15, supplemented by interpretations and examples to give clarity to those requirements, and pointers regarding practical issues that are likely to arise. Tags: acca, acca f7, acca video lectures, accounting, ca, caf 7, finance lease, gaap, ias 17, icai, ifrs, IFRS 16, leases, lessee, lessor, operating lease. In the appendices, we provide: a. Illustrative disclosures for entities that have adopted IFRS 15; and b. a comparison with US Generally Accepted Accounting Principles (US GAAP). The corporation is a lessee in most of its leases but also acts as a lessor occasionally, and owns a property that it classifies as investment property. February 2017 5 . The entity sells the above separately. pwc. 1 Overview IFRS 10 establishes a single, control-based model for assessing control and determining the scope of consolidation. 670 0 obj <> endobj maxxia . Useful links. endstream endobj startxref � �E�+��] D�+���J#gks�On>�M�ɸ�9O�ĥ�"��-#5�%I���a�zgſ�+��� ���\�ćK�0�JҰy1��d qN|OxΈ�H4�q>Z;�XH��H?�(u{Iz� �N��5 ��f In compiling the illustrative disclosures, we have made a number of assumptions in relation to the adoption of IFRS 16. �3�d4B2LVؓ�W�(}24#���C���}�#�S�Z۬,�w29=9����S�w ��M����������_�}\��bc,��\ꬸ�e��pU�|������}纘�(:ǟ�Ӄ�)���v���@'e��9z.��Y7sz6f����@2��W����Qb�5�j�WV���������q˝HcR�s����9?�4^�6����j� v]��yK&\�8ܕ�uގ�S;���v>� 蜷dR�؟�yK���霷c��'�s�R���t#~��²X0����]o����7�T:5�_fS��ڶVM8��U�u�0T���|3u �moK����.W5\g7��s�h�E�����-�����C�8��0|g8�38�&� >�| W��06�a|��P@ �Ѐ���-���t ��g�5���ś�}�=�ja��y��������垈��ë�H\����e���$�ٵe� ;�˷�D���›�܍�襁���Q���?� z���W9&C���Ʀ��[JC��K����. practical examples of implementing key elements of IFRS. Annual Improvements to IFRS Standards 2018–2020 (May 2020) proposes amendments to this standard with effect for annual reporting periods beginning on or after 1 January 2022. Illustrative Examples. Includes hundreds of worked examples, extracts from company accounts and guidance on fi nancial instruments. Contents. This publication contains an illustrative set of consolidated financial statements for Good Group (International) Limited (the parent) and its subsidiaries (the Group) for the year-end 31 December 2019 that is prepared in accordance with International Financial Reporting Standards (IFRS). h��WmO�8�+��ˮN0vb�EZ!�]ʢm��w�Lj�h�$J\���o�ɲ�[�Wt'������3�Ll?�r�8�`B��z�S az����٬?Hx��>�}>� ���t4�����_���6{���|ʧ���Ns~����>�C���,���!��o��?O&��6w57�#��� ��@ �����>���2KƩ[��b�'n�w�ij���d���}�}HЏ�=��P9��h�β4���{��?��Jvؓ���Q�kt�@;(��ӧO�%p_[T,��g{�0%!�6p�y��'_G �2O�=��[������DP࿠�ѻHc��MooXl�d�@. Fŀ0�ᭆ�Y���k��"�3�����@�]����е�}x��Ė�Y{6�b��k�!�f�)]:#��s�� � W�N�n4��. Read more articles. 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