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Green Dot Holdings Limited - NZ IFRS 2009

Green Dot Holdings Limited - NZ IFRS 2009This model annual report has been designed by Deloitte to assist clients, partners and staff with the preparation of annual financial statements by a parent and group under New Zealand equivalents to International Financial Reporting Standards ('NZ IFRS') for periods beginning on or after 1 January 2009.

Green Dot Holdings Limited is assumed to have presented financial statements in accordance with NZ IFRS for a number of years. Therefore, this is not a first time adopter of NZ IFRS. Readers should refer to NZ IFRS 1 First-time Adoption of New Zealand equivalents to International Financial Reporting Standards for specific requirements regarding an entity’s first NZ IFRS financial statements, and to the IFRS 1 section of Deloitte’s Presentation and Disclosure Checklist for details of the particular disclosure requirements applicable for first-time adopters.

These model financial statements are an illustrative example of general purpose financial statements prepared in accordance with:

  • the Companies Act 1993 and Financial Reporting Act 1993; and
  • Standards and Interpretations issued by the Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants and approved by the Accounting Standards Review Board (as at 15 December 2009) for periods ending on 31 December 2009.

They include the impact of some significant new disclosure Standards which are mandatory for the first time for annual periods ending on 31 December 2009, including NZ IAS 1 Presentation of Financial Statements (2007) and NZ IFRS 8 Operating Segments.

We have also included some discussion and examples of other matters that would typically be included in an entity's annual report, including:

  • the requirements of section 211 of the Companies Act 1993; and
  • other requirements and guidelines current as at the date of issue, including New Zealand Stock Exchange ('NZX') Listing Rules and New Zealand Securities Legislation.

The model annual report comprises the following sections:

Section A - Reporting obligations 
This section provides background information regarding the reporting requirements and legislative framework in New Zealand.

Section B - Model annual report 
This section contains model annual report disclosures and commentaries, including subjects such as corporate governance, the Companies Act 1993 disclosures and stock exchange disclosures.

Section C - Model financial statements
This section contains the model financial statements of Green Dot Holdings Limited, for the year ended 31 December 2009.
Section C is also available in Word: click here

Section D - Other information
This section contains additional tools for users, including a listing of each NZ IFRS which is applicable for the year ended 31 December 2009, what is required in an NZX preliminary announcement, and a timeline of critical reporting dates for entities with a 31 December 2009 reporting date.

Appendix - NZ IFRS 3 Business Combinations (revised 2008) and NZ IAS 27 Consolidated and Separate Financial Statements (revised 2008) 
This provides an overview of the impact of adopting these revised standards, and an illustration of the type of disclosures that will be required.

Full Annual Report: click here to access Sections A, B, C, D and the Appendix as one pdf document.

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