HKFRS Illustrative Annual Financial Statements 2012
Publish date: December 2012
These financial statements illustrate the presentation and disclosure requirements of HKFRSs for the year ended 31 December 2012 issued by a Hong Kong listed company.
This publication includes the following sections:
- Section 1 – Accounting and regulatory updates in Hong Kong for 2012.
- Section 2 – A set of illustrative annual financial statements for the year ended 31 December 2012 issued by a Hong Kong listed company. This set of illustrative financial statements shows the impact of the presentation and disclosure requirements of the amendments to standards that are mandatorily effective on 1 January 2012. Also, the illustrative financial statements have been prepared on the basis that the listed company has not applied any of the new or revised standards in advance of their effective dates except for the amendments to HKAS 1 Presentation of Financial Statements as part of the Annual Improvements to HKFRSs 2009-2011 Cycle.
- Section 3 –Examples of application of the presentation and disclosure requirements of a number of new and revised standards that are not yet mandatorily effective on 1 January 2012.