EXAMPLE: PRESENTATION OF FINANCIAL STATEMENTS

ABC GroupStatement of Financial Position as at 31 December 20X7

20X9 20X8
ASSETS
Noncurrent assets
Property, plant, and equipment
Goodwill
Other intangible assets
Investments in associates
Available-for-sale financial assets
Current assets
Inventories
Trade receivables
Other current assets
Cash and cash equivalents
Total assets
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Share capital
Retained earnings
Other components of equity
Non-controlling interests
Total equity
Noncurrent liabilities
Long-term borrowings
Deferred tax
Long-term provisions
Total noncurrent liabilities
Current liabilities
Trade and other payables
Short-term borrowings
Current portion of long-term borrowings
Current tax payable
Short-term provisions
Total current liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES

Chapter 3 Presentation of Financial Statements (IAS 1) 35

EXAMPLE: PRESENTATION OF FINANCIAL STATEMENTS (continued)
ABC Group
Statement of Comprehensive Income for the Year Ended,
illustrating the presentation of comprehensive income in one statement and
classification of expenses by function
20X9 20X8
Revenue
Cost of sales
Gross profit
Other income
Distribution costs
Administrative expenses
Other expenses
Finance costs
Share of profit of associates
Profit before tax
Income tax expense
Profit for the year from continuing operations
Loss for the year from discontinued operations
PROFIT FOR THE YEAR
Other comprehensive income:
Exchange differences on translating foreign operations
Available-for-sale financial assets
Cash flow hedges
Gains on property revaluation
Actuarial gains (losses) on defined benefit pension plans
Share of other comprehensive income of associates
Income tax relating to components of other comprehensive income
Other comprehensive income for the year, net of tax
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
Profit attributable to:
Owners of the parent
Non-controlling interests
Total comprehensive income attributable to:
Owners of the parent
Non-controlling interests
Earnings per share
Basic and diluted earnings