© 2008 KPMG IFRG Limited, a UK company, limited by guarantee. All rights reserved.
About this publication
These illustrative nancial statements have been produced by the KPMG International Financial Reporting Group(part o KPMG IFRG Limited), and the views expressed herein are those o the KPMG International FinancialReporting Group.
The purpose o this publication is to assist you in preparing nancial statements in accordance with InternationalFinancial Reporting Standards (IFRSs). It illustrates one possible ormat or nancial statements, based on actitious multinational corporation; the corporation is not a rsttime adopter o IFRSs (see
).This publication refects IFRSs in issue at 1 June 2009 that are required to be applied by an entity with an annualperiod beginning
1 January 2009 (“currently eective” requirements). IFRSs that are eective or annualperiods beginning
1 January 2009 (“orthcoming” requirements) have not been adopted early in preparingthese illustrative nancial statements, with the exception o revised IFRS 3
(2008) andamended IAS 27
Consolidated and Separate Financial Statements
(2008).When preparing nancial statements in accordance with IFRSs, an entity should have regard to its local legaland regulatory requirements. This publication does not consider any requirements o a particular jurisdiction. Forexample, IFRSs do not require the presentation o separate nancial statements or the parent entity, and thispublication includes only consolidated nancial statements. However, in some jurisdictions parent entity nancialinormation also may be required.This publication does not illustrate IFRS 4
, IFRS 6
Exploration or and Evaluation o Mineral Resources
, IAS 26
Accounting and Reporting by Retirement Benet Plans
or IAS 34
Interim Financial Reporting
.This publication illustrates only the nancial statements component o a nancial report. However, typically anancial report will include at least some additional commentary by management, either in accordance withlocal laws and regulations or at the election o the entity (see
).IFRSs and their interpretation change over time. Accordingly, these illustrative nancial statements should notbe used as a substitute or reerring to the standards and interpretations themselves.
The illustrative nancial statements are contained on the oddnumbered pages o this publication. The evennumbered pages contain explanatory comments and notes on the disclosure requirements o IFRSs. Theillustrative examples, together with the explanatory notes, however, are not intended to be seen as a completeand exhaustive summary o all disclosure requirements that are applicable under IFRSs. For an overview o alldisclosure requirements that are applicable under IFRSs, see our publication
IFRS Disclosure Checklist
.To the let o each item disclosed, a reerence to the relevant standard is provided; generally the reerencesrelate only to disclosure requirements. The illustrative nancial statements also include reerences to ourpublication
Insights into IFRS.