(Entity that already applies the International Financial Reporting Standards)... II-1

Size: px
Start display at page:

Download "(Entity that already applies the International Financial Reporting Standards)... II-1"

Transcription

1 CONSOLIDATED FINANCIAL STATEMENTS December 31, 2016 (Entity that already applies the International Financial Reporting Standards)... I-1 Independent auditor's report... I-3 Consolidated statements of financial position... I-4 Consolidated statements of profit or loss... I-6 Consolidated statements of comprehensive income... I-7 Consolidated statements of changes in equity... I-8 Consolidated statements of cash flows... I-9 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Entity that already applies the International Financial Reporting Standards)... II-1 1. Nature of operations and general information... II Nature of operations... II General information... II-2 2. Adoption of new and amended standards and interpretations... II Changes in accounting policies... II Future changes in accounting policies... II-4 3. Significant accounting policies... II Basis of consolidation... II Foreign currency translation... II Financial instruments... II Hedge accounting... II Cash and cash equivalents... II Inventories... II Assets held for sale and discontinued operations... II Property, plant and equipment... II Goodwill and other intangible assets... II Borrowing costs... II Impairment of assets... II Government grants... II Provisions... II Employee benefits... II Income taxes... II Equity... II Share-based payment... II Revenue recognition... II Earnings per share... II Main sources of estimation uncertainty and critical judgments by management... II Critical judgments... II Estimates... II Business combinations... II Financial instruments... II Cash and cash equivalents... II-36 PAGE VII

2 8. Trade and other receivables... II Inventories... II Other financial assets... II Other assets... II Assets and liabilities held for sale... II Property, plant and equipment... II Goodwill and other intangible assets... II Equity securities accounted for using the equity method... II Bank overdraft... II Trade and other payables and provisions... II Borrowings... II Other financial liabilities... II Post-employment plans... II Income taxes... II Share capital... II Share-based payments... II Stock option plans... II SARs plans... II Expenses by nature... II Other operating income and expenses... II Finance income and costs... II Discontinued operations... II Earnings per share... II Non-cash profit or loss items... II Change in non-cash working capital items... II Fair value... II Financial risks... II Capital management disclosures... II Unrecognized commitments... II Related parties... II Events after the reporting period... II Segment reporting... II Contingencies... II-84 ALTERNATE PRESENTATIONS (Entity that already applies the International Financial Reporting Standards)... III-1 Statements of financial position with financial assets classified according to IFRS 7 and a third statement of financial position following a change in accounting policy... III-2 Statements of profit or loss with expenses by nature... III-3 Statements of comprehensive income on two pages with non-controlling interests presented separately and net income taxes reported... III-4 Alternate treatment of income taxes and interest in the statements of cash flows... III-6 Note 13. Property, plant and equipment... III-7 Note 20. Post-employment plans... III-9 PAGE VIII

3 Note 32. Financial risks (addition)... III-9 Investment properties... III-10 CONSOLIDATED FINANCIAL STATEMENTS December 31, 2016 (First-time adoption of International Financial Reporting Standards)... IV-1 Independent auditor's report... IV-3 Consolidated statements of financial position... IV-4 Consolidated statements of profit or loss... IV-6 Consolidated statements of comprehensive income... IV-7 Consolidated statements of changes in equity... IV-8 Consolidated statements of cash flows... IV-9 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (First-time adoption of International Financial Reporting Standards)... V Transition to IFRSs... V Basis of transition to IFRSs... V-3 Application of IFRS 1... V-3 Exemptions from full retrospective application elected by the Company... V Reconciliations between IFRSs and previous GAAP... V-4 Reconciliation of equity as at January 1, 2016 and December 31, V-4 Reconciliation of the statement of financial position as at January 1, V-5 Reconciliation of profit or loss and comprehensive income for the period ended December 31, V-7 Reclassifications... V-8 Effects of the transition to IFRSs... V-8 SEPARATE FINANCIAL STATEMENTS December 31, VI-1 Independent auditor's report... VI-3 Separate statements of financial position... VI-4 Separate statements of profit or loss... VI-6 Separate statements of comprehensive income... VI-7 Separate statements of changes in equity... VI-8 Separate statements of cash flows... VI-9 NOTES TO THE FINANCIAL STATEMENTS... VII-1 1. Nature of operations and general information... VII Nature of operations... VII General information... VII-2 2. Adoption of new and amended standards and interpretations... VII Changes in accounting policies... VII Future changes in accounting policies... VII-3 PAGE IX

4 3. Significant accounting policies... VII Foreign currency translation... VII Financial Instruments... VII Cash and cash equivalents... VII Inventories... VII Assets held for sale and discontinued operations... VII Property, plant and equipment... VII Intangible assets... VII Borrowing costs... VII Impairment of assets... VII Government grants... VII Provisions... VII Employee benefits... VII Income taxes... VII Equity... VII Revenue recognition... VII Main sources of estimation uncertainty and critical judgments by management... VII Critical judgment... VII Estimates... VII Financial instruments... VII Cash and cash equivalents... VII Trade and other receivables... VII Inventories... VII Other financial assets... VII Other assets... VII Assets and liabilities held for sale... VII Property, plant and equipment... VII Intangible assets... VII Bank overdraft... VII Trade and other payables and provisions... VII Borrowings... VII Other financial liabilities... VII Income taxes... VII Share capital... VII Expenses by nature... VII Other operating income and expenses... VII Finance income and costs... VII Discontinued operations... VII Non-cash profit or loss items... VII Change in non-cash working capital items... VII Fair value... VII Financial risks... VII Capital management disclosures... VII-53 PAGE X

5 29. Unrecognized commitments... VII Related parties... VII Events after the reporting period... VII-57 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS March 31, VIII-1 Condensed consolidated interim statements of financial position... VIII-2 Condensed consolidated interim statements of profit or loss... VIII-4 Condensed consolidated interim statements of comprehensive income... VIII-5 Condensed consolidated interim statements of changes in equity... VIII-6 Condensed consolidated interim statements of cash flows... VIII-7 NOTES TO THE FINANCIAL STATEMENTS... IX-1 1. Nature of operations and general information... IX Nature of operations... IX General information... IX-2 2. Significant accounting policies... IX IFRS 15 Revenue from Contracts with Customers... IX IFRS 9 Financial Instruments... IX Significant accounting policy update... IX Transition... IX Classification and measurement of share-based payment transactions... IX IAS 40 Investment Property... IX Annual improvements to IFRSs cycle... IX IFRIC 22 Foreign Currency Transactions and Advance Consideration... IX Main sources of estimation uncertainty and critical judgments by management... IX Cyclicality of operations... IX Business combinations... IX Discontinued operations... IX Financial instruments... IX Presentation... IX Fair value... IX Inventories... IX Property, plant and equipment... IX Intangible assets... IX Provisions... IX Borrowings... IX Income taxes... IX Share capital... IX Revenue... IX Related parties... IX Events after the reporting period... IX Segment reporting... IX-48 PAGE XI

6 ALTERNATE PRESENTATIONS (Retrospective application of IFRS 15)... X-1 Retrospective application of IFRS 15 with restatement of prior periods... X-2 Condensed consolidated interim statements of financial position... X-3 Condensed consolidated interim statements of profit or loss... X-5 Condensed consolidated interim statements of comprehensive income... X-6 Condensed consolidated interim statements of changes in equity... X-7 2. Significant accounting policies... X IFRS 15, Revenue from Contracts with Customers... X Transition... X-9 APPENDICES I. Activity Report for the Continuous Disclosure Review Program (Autorité des marchés financiers) II. Statement on Implementation of New Accounting Standards (The Board of the International Organization of Securities Commissions) III. Better Communication in Financial Reporting Making disclosures more meaningful (IFRS Foundation) IV. Five Steps to Simplifying Financial Statements... 1 V. External links VI. List of IFRSs and interpretations VII. Fair value table VIII. Bibliography PAGE XII

IFRS 1 - First-Time Adoption of IFRS

IFRS 1 - First-Time Adoption of IFRS IFRS 1 - First-Time Adoption of IFRS P C First time adoption session outline Overview Exemptions and exceptions Disclosure IFRS 1 General principles Application Requires To the first IFRS financial statements

More information

International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards

International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards Objective 1 The objective of this IFRS is to ensure that an entity s first IFRS financial

More information

First-time Adoption of International Financial Reporting Standards

First-time Adoption of International Financial Reporting Standards International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards In April 2001 the International Accounting Standards Board (IASB) adopted SIC-8 First-time

More information

First-time Adoption of International Financial Reporting Standards

First-time Adoption of International Financial Reporting Standards International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards This version was issued in November 2008. Its effective date is 1 July 2009. It includes

More information

International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards

International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards International Financial Reporting Standard 1 First-time Adoption of International Financial Reporting Standards Objective 1 The objective of this IFRS is to ensure that an entity s first IFRS financial

More information

contents 3 Shareholders equity: share capital and reserves 78 1 The IASB: history, current structure and processes 2

contents 3 Shareholders equity: share capital and reserves 78 1 The IASB: history, current structure and processes 2 Contents v contents Foreword xi Preface xiii About the authors xv Acknowledgements xvii PART 1 Framework 1 1 The IASB: history, current structure and processes 2 1.1 National accounting standards 4 1.2

More information

Disclosure on transition to IFRS

Disclosure on transition to IFRS - 13 - Disclosure on transition to The Company adopted in preparing its consolidated financial statements for the fiscal year ended March 31, 2017. The date of transition to is April 1, 2015. (1) First-time

More information

IFRS 1 First-time Adoption of International Financial Reporting Standards

IFRS 1 First-time Adoption of International Financial Reporting Standards IFRS 1 First-time Adoption of International Financial Reporting Standards Scope An entity is required to apply IFRS 1 in: Its first IFRS financial statements; and Each interim financial report, if any,

More information

NZ IFRS 1 COPYRIGHT. External Reporting Board ( XRB ) 2011

NZ IFRS 1 COPYRIGHT. External Reporting Board ( XRB ) 2011 New Zealand Equivalent to International Financial Reporting Standard 1 First-time Adoption of New Zealand Equivalents to International Financial Reporting Standards (NZ IFRS 1) Issued December 2008 and

More information

Pearson plc IFRS Technical Analysis

Pearson plc IFRS Technical Analysis Pearson plc IFRS Technical Analysis Contents A. Introduction B. Basis of presentation C. UK GAAP to IFRS adjustments D. Performance measures Schedules 1. Income statement Reconciliation UK GAAP to IFRS

More information

ABB Ltd Interim Consolidated Income Statements (unaudited) Year ended

ABB Ltd Interim Consolidated Income Statements (unaudited) Year ended ABB Ltd Interim Consolidated Income Statements (unaudited) ($ in millions, except per share data in $) Dec. 31, 2013 Dec. 31, 2012 Dec. 31, 2013 Dec. 31, 2012 Sales of products 35,282 32,979 9,549 9,251

More information

International Financial Reporting Standards (IFRS)

International Financial Reporting Standards (IFRS) FACT SHEET February 2010 IFRS 1 First-time Adoption of International Financial Reporting Standards (This fact sheet is based on the standard as at 1 January 2010.) Important note: This fact sheet is based

More information

International GAAP Disclosure Checklist

International GAAP Disclosure Checklist EY IFRS Core Tools International GAAP Disclosure Checklist Based on International Financial Reporting Standards in issue at 28 February 2014 Effective for entities with a year-end of 30 June 2014 or thereafter

More information

Restatement of 2004 Results under International Financial Reporting Standards. Grafton Group plc

Restatement of 2004 Results under International Financial Reporting Standards. Grafton Group plc Restatement of 2004 Results under International Financial Reporting Standards Grafton Group plc 6 July 2005 1 6 July 2005 RESTATEMENT OF 2004 RESULTS UNDER IFRS Grafton Group plc today announces the impact

More information

ABB Ltd Interim Consolidated Income Statements (unaudited)

ABB Ltd Interim Consolidated Income Statements (unaudited) ABB Ltd Interim Consolidated Income Statements (unaudited) ($ in millions, except per share data in $) Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2013 Sales of products 33,279 35,282 8,545 9,549

More information

Examinable Documents September 2017 to June 2018

Examinable Documents September 2017 to June 2018 Examinable Documents September 2017 to June 2018 FINANCIAL REPORTING The examinable documents below are applicable to the International and UK papers as indicated at the start of each table. Knowledge

More information

MITCHELLS & BUTLERS PLC. Adoption of International Financial Reporting Standards

MITCHELLS & BUTLERS PLC. Adoption of International Financial Reporting Standards 7 December 2005 MITCHELLS & BUTLERS PLC Adoption of International Financial Reporting Standards Mitchells & Butlers plc ( the Group ) today releases its financial results for the 53 weeks to 1 October

More information

Lesson 15 International Accounting Lelio Bigogno, Stefano Santucci

Lesson 15 International Accounting Lelio Bigogno, Stefano Santucci Università degli studi di Pavia Facoltà di Economia a.a. 2014-2015 2015 Lesson 15 International Accounting Lelio Bigogno, Stefano Santucci 1 IFRS 1 First Time Adoption of International Financial Reporting

More information

Transition to International Financial Reporting Standards An Overview. A Collins Barrow Publication

Transition to International Financial Reporting Standards An Overview. A Collins Barrow Publication Transition to International Financial Reporting Standards An Overview A Collins Barrow Publication Preface We have prepared this publication to provide an overview of the transition to International Financial

More information

Introduction and Effects of New Chinese

Introduction and Effects of New Chinese Lorenzo Riccardi China Accounting Standards Introduction and Effects of New Chinese Accounting Standards for Business Enterprises Springer Contents 1 Introduction to New Accounting Standards for Business

More information

IAS 34 Interim Financial Reporting

IAS 34 Interim Financial Reporting // Shreeji // IAS 34 Interim Financial Reporting 1. Introduction IAS 34 Interim Financial Reporting was issued by the International Accounting Standards Committee in February 1998. A limited amendment

More information

Sri Lanka Accounting Standard SLFRS 1. First-time Adoption of Sri Lanka Accounting Standards (SLFRSs)

Sri Lanka Accounting Standard SLFRS 1. First-time Adoption of Sri Lanka Accounting Standards (SLFRSs) Sri Lanka Accounting Standard SLFRS 1 First-time Adoption of Sri Lanka Accounting Standards (SLFRSs) CONTENTS paragraphs SRI LANKA ACCOUNTING STANDARD SLFRS 1 FIRST-TIME ADOPTION OF SRI LANKA ACCOUNTING

More information

ABB Ltd Interim Consolidated Income Statements (unaudited)

ABB Ltd Interim Consolidated Income Statements (unaudited) ABB Ltd Interim Consolidated Income Statements (unaudited) ($ in millions, except per share data in $) Sep. 30, 2014 Sep. 30, 2013 Sep. 30, 2014 Sep. 30, 2013 Sales of products 24,734 25,733 8,255 8,948

More information

IFRS Guidebook Edition. Steven M. Bragg

IFRS Guidebook Edition. Steven M. Bragg IFRS Guidebook 2017 Edition Steven M. Bragg Chapter 1 Introduction... 1 Learning Objectives... 1 Introduction... 1 What is IFRS?... 1 The IFRS Conceptual Framework... 2 How This Book is Organized... 4

More information

International GAAP Disclosure Checklist

International GAAP Disclosure Checklist IFRS Core Tools International GAAP Disclosure Checklist Based on International Financial Reporting Standards in issue at 28 February 2017 Effective for entities with a year-end of 30 June 2017 and any

More information

SESSION 36 IFRS 1 FIRST-TIME ADOPTION

SESSION 36 IFRS 1 FIRST-TIME ADOPTION SESSION 36 IFRS 1 FIRST-TIME ADOPTION Overview Objective To explain how an entity s first-time IFRS financial statements should be prepared and presented in accordance with IFRS 1 First-Time Adoption of

More information

Introduction Consolidated statement of comprehensive income for the year ended 31 December 20XX... 6

Introduction Consolidated statement of comprehensive income for the year ended 31 December 20XX... 6 PKF International Limited administers a network of legally independent member firms which carry on separate businesses under the PKF Name. PKF International Limited is not responsible for the acts or omissions

More information

International GAAP Disclosure Checklist

International GAAP Disclosure Checklist EY IFRS Core Tools International GAAP Disclosure Checklist Based on International Financial Reporting Standards in issue at 28 February 2015 Effective for entities with a year-end of 30 June 2015 or thereafter

More information

IFRIC Interpretation 17 Distributions of Non-cash Assets to Owners

IFRIC Interpretation 17 Distributions of Non-cash Assets to Owners IFRIC Interpretation 17 Distributions of Non-cash Assets to Owners References IFRS 3 Business Combinations (as revised in 2008) IFRS 5 Non-current Assets Held for Sale and Discontinued Operations IFRS

More information

International GAAP Disclosure Checklist

International GAAP Disclosure Checklist Ernst & Young IFRS Core Tools International GAAP Disclosure Checklist Based on International Financial Reporting Standards in issue at 28 February 2013 Effective for entities with a year-end of 30 June

More information

Regulatory Guidance Conversion to International Financial Reporting Standards (IFRS)

Regulatory Guidance Conversion to International Financial Reporting Standards (IFRS) CREDIT UNION STABILIZATION FUNDS OF CANADA IFRS REGULATORS WORKING GROUP Regulatory Guidance Conversion to International Financial Reporting Standards (IFRS) May 2010 TABLE OF CONTENTS I. Introduction

More information

GENERAL COMMENTS ON THE MODEL FINANCIAL STATEMENTS

GENERAL COMMENTS ON THE MODEL FINANCIAL STATEMENTS GENERAL COMMENTS ON THE MODEL FINANCIAL STATEMENTS Application... 1 Canadian accounting standards for private enterprises... 2 Available for use by all private enterprises... 3 Disclosures... 4 Other elements...

More information

SECTION C: DETAILED RULES FOR HEADLINE EARNINGS

SECTION C: DETAILED RULES FOR HEADLINE EARNINGS SECTION C: DETAILED RULES FOR HEADLINE EARNINGS.15 terms of Section 8 of the JSE Listings Requirements, and diluted should be disclosed with a detailed reconciliation to the IAS 33 basic number. terms

More information

Amendments to IFRS for SMEs

Amendments to IFRS for SMEs A C C O U N T I N G U P D A T E ( I F R S f o r S M E s ) s to IFRS for SMEs Introduction The International Accounting Standards Board (IASB) has published amendments to its 'International Financial Reporting

More information

2. Reconciliation between Japanese GAAP and IFRS

2. Reconciliation between Japanese GAAP and IFRS 2. Reconciliation between Japanese GAAP and IFRS Reconciliation of assets, liabilities, and equity as of March 31, 2016 and 2017, and reconciliation of net profit for the fiscal years ended March 31, 2016

More information

ABB Ltd Interim Consolidated Income Statements (unaudited) Six months ended

ABB Ltd Interim Consolidated Income Statements (unaudited) Six months ended ABB Ltd Interim Consolidated Income Statements (unaudited) ($ in millions, except per share data in $) Jun. 30, 2012 Jun. 30, 2011 Jun. 30, 2012 Jun. 30, 2011 Sales of products 15'501 15'207 8'078 8'154

More information

Good First-time Adopter (International) Limited

Good First-time Adopter (International) Limited Good First-time Adopter (International) Limited International GAAP Illustrative financial statements of a first-time adopter for the year ended 31 December 2011 Based on International Financial Reporting

More information

Interim Condensed Consolidated Financial Statements (unaudited)

Interim Condensed Consolidated Financial Statements (unaudited) Q1 Interim Condensed Consolidated Financial Statements (unaudited) As at and for the three-month periods ended March 31, 2018 and 2017 SNC-Lavalin Group Inc. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF

More information

Good Group (International) Limited

Good Group (International) Limited EY IFRS Core Tools Good Group (International) Limited International GAAP Illustrative interim condensed consolidated financial statements for the period ended 30 June 2014 Based on International Financial

More information

Financial Report 2017

Financial Report 2017 Financial Report 017 Table of contents I. Consolidated financial statements a...............................................................................................................................

More information

ANNUAL DISCLOSURES EPS CASH FLOWS EQUITY REVENUE ASSOCIATE IFRS JUDGEMENT MATERIALITY CGU CURRENT

ANNUAL DISCLOSURES EPS CASH FLOWS EQUITY REVENUE ASSOCIATE IFRS JUDGEMENT MATERIALITY CGU CURRENT IFRS Guide to annual financial statements Illustrative disclosures September 2013 kpmg.com/ifrs DISPOSAL IFRS ASSETS FAIR VALUE PRESENTATION ESTIMATES LEASES OFFSETTING ACCOUNTING POLICIES SHARE-BASED

More information

Interim Condensed Consolidated Financial Statements (unaudited)

Interim Condensed Consolidated Financial Statements (unaudited) Q2 Interim Condensed Consolidated Financial Statements (unaudited) As at and for the six-month periods ended June 30, 2018 and 2017 SNC-Lavalin Group Inc. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL

More information

Ricoh Company, Ltd. Condensed Consolidated Financial Statements for the First Quarter Ended June 30, 2014

Ricoh Company, Ltd. Condensed Consolidated Financial Statements for the First Quarter Ended June 30, 2014 Ricoh Company, Ltd. Condensed Consolidated Financial Statements for the First Quarter Ended This is an English translation of the Quarterly Securities Report (Shihanki Hokokusho) for the first quarter

More information

International GAAP Disclosure Checklist

International GAAP Disclosure Checklist IFRS Core Tools International GAAP Disclosure Checklist Based on International Financial Reporting Standards in issue at 31 August 2015 International GAAP Disclosure Checklist Updated: August 2015 For

More information

- (1.7) (6.6) Profit attributable to ordinary shareholders Earnings per share 5 Basic 2.3p 2.5p 10.6p Diluted 2.3p 2.5p 10.

- (1.7) (6.6) Profit attributable to ordinary shareholders Earnings per share 5 Basic 2.3p 2.5p 10.6p Diluted 2.3p 2.5p 10. Consolidated Profit and Loss Account For the 13 weeks ended 1st May 2005 Notes Revenue 2 196.4 200.3 776.7 Cost of sales (117.5) (119.9) (462.2) Gross profit 78.9 80.4 314.5 Total operating expenses (61.4)

More information

Table 1 IPSAS and Equivalent IFRS Summary*

Table 1 IPSAS and Equivalent IFRS Summary* Agenda Item 13.3.2 IPSAS IFRS Alignment Dashboard Table 1 IPSAS and Equivalent IFRS Summary* IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 17, Property,

More information

Homeserve plc. Transition to International Financial Reporting Standards

Homeserve plc. Transition to International Financial Reporting Standards Homeserve plc Transition to International Financial Reporting Standards 28 November 2005 1 Transition to International Financial Reporting Standards ( IFRS ) Homeserve is today announcing its interim results

More information

Diverse Group Limited 2011 Special Edition

Diverse Group Limited 2011 Special Edition Diverse Limited 2011 Special Edition Illustrative Financial Statements under NZ IFRS (Reduced Disclosure Regime) November 2012 kpmg.com/nz Diverse Limited financial statements 2 This publication has been

More information

Ernst & Young IFRS Core Tools. January Good Insurance (International) Limited. statements for the year ended 31 December 2011

Ernst & Young IFRS Core Tools. January Good Insurance (International) Limited. statements for the year ended 31 December 2011 Ernst & Young IFRS Core Tools January 2012 Good Insurance (International) Limited statements for the year ended 31 December 2011 Based on International Financial Reporting Standards in issue at 30 September

More information

IAS 1R- Presentation of Financial Statements. Introduction to IFRS / Ind AS

IAS 1R- Presentation of Financial Statements. Introduction to IFRS / Ind AS IAS 1R- Presentation of Financial Statements Introduction to IFRS / Ind AS IAS 1R- Presentation of financial statements Objective The objective of this Standard is to prescribe the basis for presentation

More information

GAAP Guidebook Edition. Steven M. Bragg

GAAP Guidebook Edition. Steven M. Bragg GAAP Guidebook 2018 Edition Steven M. Bragg Chapter 1 Introduction... 1 Learning Objectives... 1 Introduction... 1 What is GAAP?... 1 How this Book is Organized... 3 How to Use this Book... 3 Accounting

More information

For the six months ended 30 June 2017

For the six months ended 30 June 2017 www.pwchk.com Illustrative condensed consolidated interim For the six months ended 30 June 2017 Hong Kong Financial Reporting Standards PwC s Accounting Technical Publications Manual of accounting IFRS

More information

key figures q , 2

key figures q , 2 key figures q1 2013 1, 2 unaudited; in millions of, except where otherwise stated orders continuing operations 19,141 19,792 Volume (5)% 3 Actual % Change Adjusted 3 Continuing operations Orders 19,141

More information

Financial Statements. For the six months ended June 30, Manitoba Telecom Services Inc.

Financial Statements. For the six months ended June 30, Manitoba Telecom Services Inc. Financial Statements For the six months ended June 30, 2011 Manitoba Telecom Services Inc. CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME AND OTHER COMPREHENSIVE INCOME (LOSS) Periods ended June 30 Three

More information

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets Assets EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets (in thousands of US dollars) As at 2014 As at August 31, 2014 Current assets Cash $ 52,221 $ 54,121 Short-term investments 5,389

More information

Summary Comparison of Canadian GAAP (Part V) and IFRSs (Part I)

Summary Comparison of Canadian GAAP (Part V) and IFRSs (Part I) Summary Comparison of Canadian GAAP and IFRSs (Part I) as of December 31, 2009 1. This comparison has been prepared by the staff of the Accounting Standards Board (AcSB) and has not been approved by the

More information

Good Group (International) Limited

Good Group (International) Limited EY IFRS Core Tools Good Group (International) Limited International GAAP Illustrative financial statements for the year ended 31 December 2013 Based on International Financial Reporting Standards in issue

More information

Insights into IFRS. KPMG's practical guide to International Financial Reporting Standards. 4th Edition 2007/8

Insights into IFRS. KPMG's practical guide to International Financial Reporting Standards. 4th Edition 2007/8 Insights into IFRS KPMG's practical guide to International Financial Reporting Standards 4th Edition 2007/8 The KPMG International Financial Reporting Group THOIV1SON Overview of contents ", n. J, < Page

More information

Good First-time Adopter (International) Limited

Good First-time Adopter (International) Limited Good First-time Adopter (International) Limited International GAAP Illustrative financial statements of a first-time adopter for the year ended 31 December 2012 Based on International Financial Reporting

More information

IFRS - 1. First-time Adoption of International Financial Reporting Standards. By:

IFRS - 1. First-time Adoption of International Financial Reporting Standards. By: IFRS - 1 First-time Adoption of International Financial Reporting Standards Objective 1. The purpose of this IFRS is to ensure that the first financial statements under IFRS an entity, as well as their

More information

IFRS Training. IAS 1 Presentation of Financial Statements. Professional Training Services

IFRS Training. IAS 1 Presentation of Financial Statements.  Professional Training Services IFRS Training IAS 1 Presentation of Financial Statements Table of Contents Section 1 Overview 2 Objectives 3 Scope 4 Purpose of Financial Statements 5 Frequency of Reporting and Period Covered 6 Components

More information

Table 1 IPSAS and Equivalent IFRS Summary 1

Table 1 IPSAS and Equivalent IFRS Summary 1 Agenda Item 1.6 IPSAS IFRS Alignment Dashboard Table 1 IPSAS and Equivalent IFRS Summary 1 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 17, Property,

More information

Backing Precision. Audit Tax Advisory.

Backing Precision. Audit Tax Advisory. Backing Precision ILLUSTRATIVE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2015 New Zealand Equivalents to International Financial Reporting Standards Tier 1 For-Profit Reporters Audit Tax Advisory www.bdo.co.nz

More information

TABLE OF CONTENTS MODEL FINANCIAL STATEMENTS PRIVATE ENTERPRISES PART II OF THE CPA CANADA HANDBOOK ACCOUNTING. Page

TABLE OF CONTENTS MODEL FINANCIAL STATEMENTS PRIVATE ENTERPRISES PART II OF THE CPA CANADA HANDBOOK ACCOUNTING. Page GENERAL COMMENTS ON THE MODEL FINANCIAL STATEMENTS Application... 1 Canadian accounting standards for private enterprises... 1 Available for use by all private enterprises... 2 Disclosures... 3 Other elements...

More information

CONSOLIDATED FINANCIAL STATEMENTS. Year ended 31 December 2018

CONSOLIDATED FINANCIAL STATEMENTS. Year ended 31 December 2018 CONSOLIDATED FINANCIAL STATEMENTS Year ended 31 December 2018 CONTENTS CONSOLIDATED FINANCIAL STATEMENTS 4 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2018 4 STATEMENT OF NET INCOME AND CHANGES

More information

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets

EXFO Inc. Condensed Unaudited Interim Consolidated Balance Sheets Condensed Unaudited Interim Consolidated Balance Sheets (in thousands of US dollars) Assets As at May 31, 2017 As at August 31, 2016 Current assets Cash $ 34,373 $ 43,208 Short-term investments 3,337 4,087

More information

Interim Condensed Consolidated Financial Statements. 30 September 2017

Interim Condensed Consolidated Financial Statements. 30 September 2017 Interim Condensed Consolidated Financial Statements 30 September 2017 2 3 Interim Consolidated Statement of Income Three Months to Three Months to Nine Months to Nine Months to 30 September 30 September

More information

Q Financial Information

Q Financial Information Q3 2015 Financial Information Financial Information 3 Key Figures 8 Interim Consolidated Financial Information (unaudited) 8 Interim Consolidated Income Statements 9 Interim Condensed Consolidated Statements

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Unaudited, consolidated figures following IFRS accounting policies. Q2 2017 Q2 2018 H1 2017 H1 2018 Revenue 622 559 1,210 1,108 Cost of sales

More information

Shoppers Drug Mart Corporation Condensed Consolidated Statements of Earnings (unaudited) (in thousands of Canadian dollars, except per share amounts)

Shoppers Drug Mart Corporation Condensed Consolidated Statements of Earnings (unaudited) (in thousands of Canadian dollars, except per share amounts) Shoppers Drug Mart Corporation Condensed Consolidated Statements of Earnings (in thousands of Canadian dollars, except per share amounts) 16 Weeks Ended October 8, 40 Weeks Ended October 8, Note 2011 (1)

More information

Contact: Steve Hare, Finance Director, Spectris plc Tel: Richard Mountain, Financial Dynamics Tel:

Contact: Steve Hare, Finance Director, Spectris plc Tel: Richard Mountain, Financial Dynamics Tel: Date: Embargoed until 07:00 15 June 2005 Contact: Steve Hare, Finance Director, Spectris plc Tel: 01784 470470 Richard Mountain, Financial Dynamics Tel: 020 7269 7291 ADOPTION OF INTERNATIONAL REPORTING

More information

Information for the half-year ended 31 December 2004 given to ASX under listing rule 4.2A

Information for the half-year ended 31 December 2004 given to ASX under listing rule 4.2A WESFARMERS LIMITED ABN 28 008 984 049 APPENDIX 4D HALF-YEAR REPORT Information for the half-year ended 31 given to ASX under listing rule 4.2A (Comparative information is for the half-year ended 31 ) Results

More information

Pou Chen Corporation and Subsidiaries

Pou Chen Corporation and Subsidiaries Pou Chen Corporation and Subsidiaries Consolidated Financial Statements for the Three Months Ended and and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board of Directors and

More information

Advantech Co., Ltd. and Subsidiaries

Advantech Co., Ltd. and Subsidiaries Advantech Co., Ltd. and Subsidiaries Consolidated Financial Statements for the Three Months Ended March 31, 2015 and 2014 and Independent Auditors Review Report INDEPENDENT AUDITORS REVIEW REPORT The Board

More information

Table 1 HARRIS CORPORATION FY '19 First Quarter Summary CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited)

Table 1 HARRIS CORPORATION FY '19 First Quarter Summary CONDENSED CONSOLIDATED STATEMENT OF INCOME (Unaudited) Table 1 CONDENSED CONSOLIDATED STATEMENT OF INCOME September 28, September 29, (In millions, except per share amounts) Revenue from product sales and services $ 1,542 $ 1,410 Cost of product sales and

More information

First-time Adoption of International Financial Reporting Standards

First-time Adoption of International Financial Reporting Standards IFRS Standard 1 First-time Adoption of International Financial Reporting Standards In April 2001 the International Accounting Standards Board (the Board) adopted SIC-8 First-time Application of IASs as

More information

Condensed Consolidated Interim Financial Statements as of September 30, 2018

Condensed Consolidated Interim Financial Statements as of September 30, 2018 Bayer Interim Report as of September 30, 208 Condensed Consolidated Interim Financial Statements 29 Bayer Group Consolidated Income Statements Condensed Consolidated Interim Financial Statements as of

More information

Unaudited condensed consolidated interim financial statements of. Three months ended December 30, 2017 and December 31, 2016

Unaudited condensed consolidated interim financial statements of. Three months ended December 30, 2017 and December 31, 2016 Unaudited condensed consolidated interim financial statements of ROGERS SUGAR INC. Three months ended and (Unaudited and not reviewed by the Company s independent auditors) ROGERS SUGAR INC. (Unaudited)

More information

US GAAP FACT-SHEET. GAAP NO. DESCRIPTION KEY ELEMENTS EQUIVALENT/SIMILAR IFRS Generally Accepted Accounting - GAAP Codification

US GAAP FACT-SHEET. GAAP NO. DESCRIPTION KEY ELEMENTS EQUIVALENT/SIMILAR IFRS Generally Accepted Accounting - GAAP Codification US GAAP FACT-SHEET GAAP NO. DESCRIPTION KEY ELEMENTS EQUIVALENT/SIMILAR IFRS ASC 105 Generally Accepted Accounting - GAAP Codification - The Conceptual Principles - The Standards Setting Process - CONs

More information

Centrica plc. International Financial Reporting Standards. Restatement and seminar

Centrica plc. International Financial Reporting Standards. Restatement and seminar International Financial Reporting Standards Restatement and seminar Centrica plc has adopted International Financial Reporting Standards with effect from 1 January 2005 and, on 15 September 2005, will

More information

Table 1 IPSAS and Equivalent IFRS Summary 2

Table 1 IPSAS and Equivalent IFRS Summary 2 IPSASB Meeting ( 2018) Agenda Item 1.6 IPSAS IFRS Alignment 1 Dashboard Table 1 IPSAS and Equivalent IFRS Summary 2 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements

More information

ASSETS 31 March December 2017

ASSETS 31 March December 2017 Condensed Consolidated Interim Balance Sheet as at 31 March 2018 Audited ASSETS 31 March 2018 31 December 2017 Current Assets Cash and Cash Equivalents 7.500 7.132 Financial Investments 198 736 Trade Receivables

More information

Good Group (International) Limited

Good Group (International) Limited EY IFRS Core Tools Good Group (International) Limited International GAAP Illustrative interim condensed consolidated financial statements for the period ended 30 June 2015 Based on International Financial

More information

Good Group (International) Limited

Good Group (International) Limited Ernst & Young IFRS Core Tools Good Group (International) Limited International GAAP Illustrative interim condensed consolidated financial statements for the period ended 30 June 2013 Based on International

More information

Table 1 IPSAS and Equivalent IFRS Summary 2

Table 1 IPSAS and Equivalent IFRS Summary 2 Agenda Item 1.7 IPSAS IFRS Alignment 1 Dashboard Table 1 IPSAS and Equivalent IFRS Summary 2 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 18, Segment

More information

Vitafoam Nigeria Plc. Consolidated and Separate financial statements Year ended 30 September 2014

Vitafoam Nigeria Plc. Consolidated and Separate financial statements Year ended 30 September 2014 . Year ended 30 September 2014 Table of Contents Statement of Directors Responsibilities... i Report of the independent auditors... 1 & Statement of Profit or Loss and other Comprehensive Income... 2 &

More information

IAS 1 Presentation of Financial Statement

IAS 1 Presentation of Financial Statement IAS 1 Presentation of Financial Statement 1 By : Mehul Shah mehul@raseshca.comcom 9723459572 IASB Structure 2 IASC Foundation appoints oversees funds reports SAC advises IASB interprets IFRIC creates IFRS

More information

Change of accounting policy: consolidation by equity method of jointly controlled entities

Change of accounting policy: consolidation by equity method of jointly controlled entities Change of : consolidation by equity method of jointly controlled entities 1. Accounting principles To improve its financial information, the VINCI Group has elected to apply, as from the financial year

More information

SUMMARY OF IASB WORK PLAN AS AT 7 NOVEMBER 2018

SUMMARY OF IASB WORK PLAN AS AT 7 NOVEMBER 2018 SUMMARY OF IASB WORK PLAN AS AT 7 NOVEMBER 2018 Page Standard-setting and Related Projects... 3 Management Commentary... 3 Rate-regulated Activities... 4 Research Projects... 5 Business Combinations under

More information

EMIRATES NBD BANK PJSC

EMIRATES NBD BANK PJSC GROUP CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS PERIOD ENDED 31 MARCH 2018 GROUP CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Contents Page Independent auditor s report

More information

IFRS Considerations for Audit Committees. February 2009

IFRS Considerations for Audit Committees. February 2009 IFRS Considerations for Audit Committees. February 2009 Contents Introduction... 3 Using This Publication... 3 More Information... 3 Significant Accounting Topics... 4 Inventory... 4 Consolidation... 5

More information

IFRS illustrative consolidated financial statements

IFRS illustrative consolidated financial statements IFRS illustrative consolidated financial statements 2016 This publication has been prepared for illustrative purposes only and does not constitute accounting or other professional advice, nor is it a substitute

More information

MB Petroleum Services LLC and its subsidiaries FINANCIAL REVIEW

MB Petroleum Services LLC and its subsidiaries FINANCIAL REVIEW MB Petroleum Services LLC and its subsidiaries FINANCIAL REVIEW 30 September 2011 Review Report and financial information for 9 months period ended 30 September 2011 Pages 1. Summary of Financial Data

More information

Undertaking the Transition to IFRS

Undertaking the Transition to IFRS Undertaking the Transition to IFRS Ann Clarke considers the key points in IFRS 1 for first-time adopters of IFRSs Summary of IFRS1 Introduction International Financial Reporting Standard 1 Firsttime Adoption

More information

PAO TMK Consolidated Financial Statements Year ended December 31, 2017

PAO TMK Consolidated Financial Statements Year ended December 31, 2017 Consolidated Financial Statements Consolidated Financial Statements Contents Independent auditor s report...3 Consolidated Income Statement...8 Consolidated Statement of Comprehensive Income...9 Consolidated

More information

Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate

Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards and IAS 27 Consolidated and Separate Financial Statements Cost of an Investment in a Subsidiary, Jointly Controlled

More information

OOREDOO Q.P.S.C. DOHA - QATAR

OOREDOO Q.P.S.C. DOHA - QATAR DOHA - QATAR CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REVIEW REPORT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2018 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

More information

Doha Insurance Company Q.S.C. INTERIM CONDENSED FINANCIAL STATEMENTS

Doha Insurance Company Q.S.C. INTERIM CONDENSED FINANCIAL STATEMENTS Doha Insurance Company Q.S.C. INTERIM CONDENSED FINANCIAL STATEMENTS 30 JUNE 2010 Doha Insurance Company Q.S.C. INTERIM CONDENSED STATEMENT OF INCOME Six Months Period Ended 30 June 2010 Six Months Period

More information

SUMMARY OF IASB WORK PLAN AS AT 23 AUGUST 2018

SUMMARY OF IASB WORK PLAN AS AT 23 AUGUST 2018 SUMMARY OF IASB WORK PLAN AS AT 23 AUGUST 2018 Page Standard-setting and Related Projects... 3 Management Commentary... 3 Rate-regulated Activities... 3 Research Projects... 4 Dynamic Risk Management...

More information

HALF-YEARLY FINANCIAL STATEMENTS Contents

HALF-YEARLY FINANCIAL STATEMENTS Contents HALF-YEARLY FINANCIAL STATEMENTS 2005 Contents Balance sheet Income statement Statement of changes in net borrowing Information on transition to IFRS CONSOLIDATED FINANCIAL STATEMENTS USING IFRS Balance

More information