Yakub02
Banned
IAS 34 requires that, as a minimum, an interim financial report should include: a condensed statement of financial position;
a condensed statement of profit or loss and other comprehensive income, presented as either a condensed single statement or a condensed separate statement of profit or loss followed by a condensed statement of other comprehensive income;
a condensed statement of changes in equity; a condensed statement of cash flows; and selected explanatory notes. In the statement that presents the components of profit or loss an entity should present the basic and diluted EPS for the period.
An entity could provide a full set of financial statements or additional selected information if it wishes to do so. If it chooses to produce a full set of financial statements for its interim accounts, the entity must comply with IAS 1.
The interim statements are designed to provide an update on the performance and position of the entity. It should focus on new activities, events, and circumstances that have occurred since the previous annual financial statement
Periods for which interim financial statements must be presented Interim reports must include the following financial statements (condensed or complete):
a statement of financial position at the end of the current interim period and a comparative Statement of financial Position at the end of the previous financial year. statements of profit or loss and other comprehensive income for the current interim period and cumulatively for the current financial year to date.
comparative statements of profit or loss and other comprehensive income for the comparable interim period last year, and the comparable cumulative period last year.
a condensed statement of profit or loss and other comprehensive income, presented as either a condensed single statement or a condensed separate statement of profit or loss followed by a condensed statement of other comprehensive income;
a condensed statement of changes in equity; a condensed statement of cash flows; and selected explanatory notes. In the statement that presents the components of profit or loss an entity should present the basic and diluted EPS for the period.
An entity could provide a full set of financial statements or additional selected information if it wishes to do so. If it chooses to produce a full set of financial statements for its interim accounts, the entity must comply with IAS 1.
The interim statements are designed to provide an update on the performance and position of the entity. It should focus on new activities, events, and circumstances that have occurred since the previous annual financial statement
Periods for which interim financial statements must be presented Interim reports must include the following financial statements (condensed or complete):
a statement of financial position at the end of the current interim period and a comparative Statement of financial Position at the end of the previous financial year. statements of profit or loss and other comprehensive income for the current interim period and cumulatively for the current financial year to date.
comparative statements of profit or loss and other comprehensive income for the comparable interim period last year, and the comparable cumulative period last year.
