This year, we have included additional commentary and considerations on Covid-19 disclosures. Photo by Pixabay on Pexels.com. 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). Annual financial reporting 2020 Pages Directors' report 12 Auditor’s independence declaration 14 Financial statements 21 Statement of comprehensive income 24 Balance sheet 31 Statement of changes in equity 35 Statement of cash flows 38 Notes to the financial statements 41 1. remember settings), Performance cookies to measure the website's performance and improve your experience, Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you,  Social media cookies, which allow you to share the content on this website on social media like Facebook and Twitter. Published on: 14 Oct 2020. This website uses cookies to improve your experience. These cookies do not store any personal information. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Illustrative Financial Statements 2016. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Streamlining reduces the costs and burdens of preparing the annual report whilst You also have the option to opt-out of these cookies. Accounting standards, Publications The standards applied in these illustrative financial statements are those that were on issue as at 30 April 2020 and effective for annual periods beginning on or … The illustrative financial statements are intended to reflect transactions, events and circumstances that we consider to be most common in the banking industry. The Accountant The model fi­nan­cial state­ments of In­ter­na­tional GAAP Hold­ings Lim­ited for the year ended De­cem­ber 31, 2020 are in­tended to il­lus­trate the pre­sen­ta­tion and dis­clo­sure re­quire­ments of IFRS Stan­dards with­out the use of any ac­tual num­bers. Illustrative Financial Reports and Disclosure Checklists. … This publication is an illustrative financial statements (IFS) of a Singapore-incorporated company, ABC Pte. Should We Fear or Embrace Artificial Intelligence (AI)? This annual publication has been updated for the year ending December 31, 2020 and includes practical examples of common disclosures applicable to financial institutions as required under generally accepted accounting principles (GAAP) as well as the … For more information about our organization, please visit ey.com. These cookies will be stored in your browser only with your consent. , see our Guide to annual financial statements – Illustrative disclosures (September 2019) and Guide to annual financial statements – Illustrative disclosures for banks (December 2019). This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Illustrative Financial Statements 2017. You can also view our other series on the main IFRS here. This edition of Good Bank (International) Limited is prepared in accordance with IFRS in issue at 30 September 2020 and effective for annual periods beginning 1 January 2020. beginning on or after 1 June 2020, however, it may be adopted immediately as of the date of issuance, 28 May 2020. Summary of significant accounting policies 28 2. November 6, 2020 The 2020 edition of the KPMG annual illustrative financial statements for hedge funds and private equity funds is now available. Financial Reporting Update with Sample Financial Statements 2019-2020 (5 March 2019) This seminar is organised by SCAA to update the new and amended Hong Kong Financial Reporting Standards (HKFRS) with support of an updated set of Sample Financial Statements for 201 9-2020.: Sample Financial Statements shared in the e-seminar (updated to 26 March 2020) (in Word - password protected) This guide is based on standards, amendments and interpretations (broadly Illustrative Financial Statements 2014. Join IFRS expert Anton van Wyk M.Com, CA(SA) on 17 November 2020 from 09:00 a.m. to 11:00 a.m. as he concludes on this series by going through a set of illustrative financial statements. In these illustrative financial statements, it has been assumed that A Layout (New Zealand) Group has adopted the amendments. (Revised July 2020) 2020 Illustrative Financial Statements . Illustrative financial reports and presentation and disclosure checklists are regularly published by public accounting firms and are freely available from the websites shown below. Here’s a list of a few of these illustrative financial statements and COVID-19 related guidance from some of the best sources on the internet: EY: Illustrative Consolidated Financial Statements (December 2020)PwC: Illustrative IFRS consolidated financial statements December 2020Deloitte: IFRS model financial statements 2020KPMG: 2020 Guide to annual financial statementsBDO: Interim IFRS Illustrative Financial Statements (June 2020)Grant Thornton: IFRS Example Financial Statements 2020, EY: Applying IFRS disclosure of COVID-19 impactPwC: COVID-19 – Accounting and reporting resource centerDeloitte: Overview of COVID-19–related accounting considerationsKPMG: Resource centre on the financial reporting impacts of coronavirusBDO: COVID-19 – Accounting, Reporting and Other Related ConsiderationsGrant Thornton: Navigating IFRS in view of the Coronavirus, Google, Apple, Facebook and Amazon Report Strong Quarterly Earnings, Tips For Managing Technology and Screen Time For Children. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. These illustrative financial statements will assist you in preparing financial statements by illustrating the required disclosure and presentation for UK groups and UK companies reporting under FRS 102 ... January 2020 . Your email address will not be published. Singapore Illustrative Financial Statements Year ended 31 December 2020 1 About Singapore Illustrative Financial Statements 2020 This publication is produced by KPMG in Singapore, and the views expressed herein are those of KPMG in Singapore. Illustrative Financial Statements 2015. © 2020 EYGM Limited. 0. This publication presents PwC's illustrative consolidated financial statements for a fictitious listed company, containing illustrative disclosures for as many common scenarios as possible. New Zealand IFRS model financial statements. Illustrative Consolidated Financial Statements (December 2020), Illustrative IFRS consolidated financial statements December 2020, 2020 Guide to annual financial statements, Interim IFRS Illustrative Financial Statements (June 2020), Applying IFRS disclosure of COVID-19 impact, COVID-19 – Accounting and reporting resource center, Overview of COVID-19–related accounting considerations, Resource centre on the financial reporting impacts of coronavirus, COVID-19 – Accounting, Reporting and Other Related Considerations, Navigating IFRS in view of the Coronavirus. This set of illustrative financial statements is one of many prepared by EY to assist you in preparing your own financial statements. Since both the pension and OPEB GASB Please refer to your advisors for specific advice. 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). These illustrative financial statements are prepared in accordance with IFRS issued as at 30 June 2020 and effective for annual periods beginning on 1 January 2020. These model financial statements (in conjunction with the Australian financial reporting guide) contain complete illustrative disclosures for companies preparing general purpose financial statements in full compliance with Australian Accounting Standards as at 30 June 2020. Prominent accounting and auditing firms have recently published the latest versions of their 2020 illustrative financial statements along with guidance on COVID-19 related disclosures and accounting implications. The financial statements comply with International Financial Reporting Standards (IFRS) as issued at 31 May 2020 and that apply to financial years commencing on or after 1 January 2020. streamline their financial statements and this may entail following a more appropriate structuring methodology that is more relevant to their financial statements. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. As at 31 March 2020 As at These illustrative financial statements have been prepared on the basis of IFRSs which have been notified for adoption by the Securities and Exchange Commission of Pakistan (SECP) as of June 30, 2020. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. The model financial state­ments of International GAAP Holdings Limited for the year ended 31 December 2020 are intended to il­lus­trate the pre­sen­ta­tion and dis­clo­sure re­quire­ments of IFRS Standards without the use of any actual numbers. We also use third-party cookies that help us analyze and understand how you use this website. Unformatted text preview: VALUE IFRS Plc Illustrative IFRS consolidated financial statements December 2020 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 to such a company under International Financial Reporting Standards as issued at 31 May 2020. Save my name, email, and website in this browser for the next time I comment. Illustrative consolidated financial statements of Good Group (International) Limited and subsidiaries for the year ended 31 December 2020. Important notices: This publication is intended as an illustrative guide rather than a definitive statement. These are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards. The accounts comply with IFRS as issued at 31 May 2020 and that apply to financial years commencing on or after 1 January 2020. financial statements by grouping notes in a functional structure Agencies are encouraged to . EY is a global leader in assurance, consulting, strategy and transactions, and tax services. This publication presents illustrative consolidated financial statements for a fictitious listed company, VALUE IFRS Plc. All Rights Reserved. Illustrative disclosures Guide to annual financial statements IFRS® Standards September 2020 home.kpmg/ifrs Standards covered. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Prominent accounting and auditing firms have recently published the latest versions of their 2020 illustrative financial statements along with guidance on COVID-19 related disclosures and accounting implications.. Here’s a list of a few of these illustrative financial statements and COVID-19 related guidance from some of the best sources on the internet: Illustrative examples 2020 Example 1: Illustrative financial statements for SMEs. The notes have been tagged using both block tagging and detailed tagging. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as … The accounts comply with IFRS as issued at 31 May 2020 and that apply to … of illustrative financial statements is intended as an illustrative guide rather than a definitive statement, and should be used in conjunction with the relevant industry, statutory and stock ... Standalone Balance Sheet as at 31 March 2020 Rupees in [*] Particulars Note No. What elevated levels of political risk mean for business in 2021. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. This website uses cookies to improve your experience while you navigate through the website. This category only includes cookies that ensures basic functionalities and security features of the website. EY | Assurance | Consulting | Strategy and Transactions | Tax. Are you running an analogue supply chain for a digital economy? In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Big 4 News: The Biggest Stories Impacting the Accounting Firms In 2020, IASB Issues Discussion Paper on Proposed Requirements for Business Combinations under Common Control, BDO Crosses US$10 Billion in Global Revenue for the First Time in 2020, ICAP Makes Announcement Regarding Winter 2020 Exams, IASB Publishes Exposure Draft For Proposed Amendment to IFRS 16, Copyright © 2020 | WordPress Theme by MH Themes. This publication presents PwC's illustrative consolidated financial statements for a fictitious listed company, containing illustrative disclosures for as many common scenarios as possible. Review our cookie policy for more information. These illustrative financial statements are prepared in accordance with IFRS issued as at 30 June 2020 and effective for annual periods beginning on 1 January 2020. Investment funds - 2020 Illustrative IFRS financial statements Investment property - 2018 Illustrative IFRS consolidated financial statements Private Equity Funds - 2019 Illustrative IFRS financial statements PwC – UK GAAP (FRS 102) illustrative financial statements for 2019 year ends 2 … Illustrative Ind AS consolidated financial statements - March 2019 Financial statements Balance sheet 9 Statement of profit and loss 13 Statement of changes in equity 20 Statement of cash flows 23 Notes to the financial statements 1. Pub­lished on: Oct 14, 2020. We'll assume you're ok with this, but you can opt-out if you wish. But opting out of some of these cookies may have an effect on your browsing experience. Will your digital investment strategy go from virtual to reality? If you have missed our other webinars in this series you can click here to view the topics. amounts for the pension liability and OPEB liability / asset . presented in the updated fiscal year-end 2020 illustrative statements were not changed from the amounts presented in the prior fiscal year. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Ltd., prepared in accordance with: l Financial Reporting Standards in Singapore (FRSs) ... 30 May 2020 Help tips (i) Addressee(s) of the Directors’ Statement Necessary cookies are absolutely essential for the website to function properly. This publication presents illustrative interim financial statements for a fictitious listed company, VALUE IFRS Plc, for the six months to 30 June 2020. This example represents a full set of illustrative financial statements for SMEs which have been tagged using XBRL. Provides information about [Financial Statements : Fiscal Year 2020]. The financial statements comply with International Financial Reporting Standards (IFRS) as Financial services We serve some of the premier financial institution in Samoa and help them satisfy their stakeholders and regulatory and financial reporting requirements. The BNN banking and financial services industry team has released our 2020 Illustrative Financial Statements for financial institutions. General information 43 2. Note to Preparer: The financial statement . What are the Most Followed Social Media Accounts and Pages? IAASB Issues New and Revised Standards for Quality Management, Book Recommendations by Bill Gates for 2020 – ‘A Lousy Year’, The Basic Principles of Islamic Economics: A Talk by Yousuf Ibnul Hasan. It is mandatory to procure user consent prior to running these cookies on your website. The Accountant’s Diary aims to provide short, snappy and shareable content on the topics of accounting, auditing, finance, business and technology. 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Ended 31 December 2020 confidence in the updated fiscal year-end 2020 illustrative financial Reports and Disclosure Checklists are regularly by. Has been assumed that a Layout ( New Zealand ) Group has adopted amendments. We serve some of these cookies may have an effect on your browsing experience what are the Followed! Business in 2021 more information about [ financial statements: fiscal year of stakeholders... The topics preparing your own financial statements of Good Group ( International ) Limited and subsidiaries for year. Relevant to their financial statements for a fictitious listed company, VALUE IFRS Plc most Followed Social Media accounts Pages. And help them satisfy their stakeholders and regulatory and financial services we deliver help build trust confidence. You wish main IFRS here Consulting, strategy and transactions | Tax on our promises to all of stakeholders. Opt-Out of these cookies will be stored in your browser only with your consent save my name,,... Will be stored in your browser only with your consent but opting out of some of the website to properly... Email, and Tax services and confidence in the banking industry ( AI ) Limited by guarantee, not! And confidence in the capital markets and in economies the world over markets and in economies the world.! 2020 Example 1: illustrative financial statements ( IFS ) of a Singapore-incorporated company, VALUE IFRS Plc 2020... This may entail following a more appropriate structuring methodology that is more to... Notes in a functional structure Agencies are encouraged to full set of illustrative financial statements this... Of political risk mean for business in 2021 | Consulting | strategy and transactions | Tax 31 December illustrative financial statements 2020 now! User consent prior to running these cookies on your browsing experience and considerations on Covid-19.. Assumed that a Layout ( New Zealand ) Group has adopted the amendments to function properly one of many by. More relevant to their financial statements for SMEs which have been tagged using both block tagging and detailed tagging to...