w��[�Bv�``Qe����퓧y��^"��K���7������Io 4m��*�M��T�j��o�1�$P�=û��~�� �6�C\:0�{���n��br0�萄'�c��N�~9���@s)�{6 iW����ս�A �h�:h�¯O�O���:���Dz�����#����"��X�锆��vܖ:�p��C$��,>8F;.�#L�L�R-l峒�u��� C��{��#M���㪱�K>���)�cS|Ҙ���pAZ�0(8w���6��Ju���6,"ÇZ� �M\FL%� $P��L�W¡ #����0���D��%"�d����B��$h�K��'"�T IH$i!KIbdUR3��d�Ĕ`Ħ�s�H�,�DN �'�������d|�l&]K�R�+`�Ę���i�i2�����+�#?-F��X������Y�-�Y��i��X�D�U�6�M��2I$NjyN�H��JsP����X�(��b�. The report focuses on how the Foundation is enhancing the relevance of its work as the world continues to change. The Minister for Local Government, Stephan Knoll, MP, has approved the Model Financial Statements for 2020 and these are available on the LGA website. These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December 2019 by an entity that is not a first-time adopter of IFRSs. Deloitte had also identified significant irregularities in the company’s accounts going back a number of years as part of the 2020 financial report issued on 30 November. The Financial Services Blog Deloitte’s Financial Services Blog is written by our industry experts and covers a range of topics across the banking, capital markets, insurance, and investment management sectors. As a general approach, these illustrative financial statements do not early adopt standards or amendments before their effective date. BEIJING, Dec. 3, 2020 /PRNewswire/ -- In its latest report 2020 White Paper of China Automotive Aftermarket, Deloitte highlighted several core … The financial statements comply with IFRS as issued at 31 January 2020 and that apply to annual reporting periods commencing on or after 1 January 2020, including IAS 34, 'Interim Financial Reporting'. Download the file here. 3.5. Set out below is a summary of how to use this guide Step 1. PRIMARY FINANCIAL STATEMENTS. Model IFRS Financial Statements. All rights reserved. The Office of the State Auditor assumes no responsibility for the content of this report model or for any Department XYZ Model Departmental Financial Statements 4 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 AASB 20101(10)(b) Notes 20 Budget $’000 20 Actual $’000 2019 Actual $’000 AASB 101(82)(a) Income from continuing operations Revenue from Government AASB 1058(26)(c) Appropriation revenue - operating 6.1 X AASB 1058(26)(c) Appropriation revenue - … The standards applied in these illustrative financial statements are those that were on issue as at 30 September 2019 and effective for annual periods beginning on or after 1 January 2019. The General Financial Reporting Requirements, as stated in the Revised SRC Rule 68, which was approved by the commission en banc on … Audited Financial Statements For the Year Ended June 30, 2020 [DISCLAIMER: This report model is a tool provided to assist in the report preparation of Mississippi school districts. The financial statements comply with International Financial Reporting Standards (IFRS) as issued at 31 January 2020 and that apply to annual reporting periods commencing on or after 1 January 2020, including IAS 34 Interim Financial Reporting. The acceptance and receipt by the Commission of the financial statements shall be without prejudice to such penalties. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. Making an impact that matters 2020 Deloitte Shared Services Virtual Conference . !�ǁAH8N�.�H��+O�����šomU���U+2����3Z�����/�-�Mh*3�̹m_�y������nu��0��s�M+��ky�"�z�X�լI���������A�y��K���n�9�E�`���l�4�9����a�u���S�+��]���4��`Ɔ�;9G�˦Uy#����,��cM9K��[bl�q�tV7n{Gvǰ�!�r�^�������[�TƠeר~/k�&������[�W����٢e�u��}M�qU�ӕ��kYv=-w�u��g�f��4i���2篖 n�m�z��m��n*f[~W�g������p���7x�]m ���P��$�ڹ��1�Fw�B5��N���&�?��@ㆾ�Ph}uE���p(ŝ�{�'ʽ�wK�ꎹ5U��>����4����H��mCm�ju���u�����o�/^��OF\� � ���q��p��fs�W�G�#�y� �h�s!2 Please find below a brief summary of news and events from the In June and September 2016, Eskom procured the services of Deloitte’s “CFO [Chief Financial Officer] Transition Laboratory” which aims to train CFOs entering the position. International Accounting Standards Board (Board) and the IFRS® Foundation over the past IFRS Foundation publishes 2019 Annual Report, Combinations of businesses under common control—one size does not fit all, IASB issues amendments to IFRS 17 to help companies with implementation, IASB investment experience bolstered with appointment of Zach Gast, IFRS Foundation Virtual Conference to be held 28-29 September 2020, Grants awarded for academic research to inform the IASB's work, Webinar presentations about ongoing consultations, Business Combinations—Disclosures, Goodwill and Model IFRS statements These are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards. 26121 0 obj <> endobj preliminary views the Board has reached in its research project that considers The IFRS Foundation has published its annual report and audited financial statements for the year ended 31 December 2019. They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative … June and December 2020 editions. h��V�oSU��_^߶~����(t� Qf�c��ln�D#ڭqyl�[�taU› �ulX��%N��NƈĘ S�9$ Z`%( р�@5�����n�����=�~��|ιK�B2��F*��EH���H���8�ˊ;K 9� (Q�8�)(�Ɋ���]FE$!! In addition to new accounting standards for both for-profit and not-for-profit (NFP) entities, COVID-19 is presenting many complex accounting challenges that could add a significant amount of time to both the financial statement preparation and the audit process. 18 June 2020 | 09.30 - 17.30 CET We've updated our illustrative disclosures for insurers to reflect the June 2020 amendments to IFRS 17 Insurance Contracts and other developments. Categorise the entity It is applicable only for the year ended June 30, 2020. Deloitte’s audit opinion on the 2015 financial statements was signed by and was unmodified. 26135 0 obj <>stream The objective in preparing these Motus’ independent external auditors, Deloitte & Touche have audited the consolidated and separate annual financial statements for 30 June 2019, in conformity with International Standards on Auditing. 30 June 2020 is likely to be to a busy time for preparers of financial statements. On 30 November, Freedom Foods revealed more than $590 million in write-downs and the company had restated several years’ worth of accounts. The Financial Reporting Council (FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against Deloitte LLP (Deloitte) and one of its former Audit Engagement Partners (the Respondents), in relation to the statutory audit of the financial statements of a company for the 52 weeks ended 2 January 2016 (2015 Financial Statements). Agency 30 June 2020. 7. 3.4. %%EOF December 2019 model financial statements (for June 2020) These model financial statements (in conjunction with the Australian financial reporting guide) contain complete illustrative disclosures for companies preparing general purpose financial statements in full compliance with Australian Accounting Standards as at 30 June 2020. Copyright © 2020 Deloitte Development LLC. endstream endobj 26122 0 obj <. Consolidated financial statements for a fictitious listed company complying with IFRS as issued at 31 May 2020 and that apply to financial years commencing on or after 1 January 2020. endstream endobj startxref Model N plans to acquire Deloitte’s life sciences pricing and contracting solutions business and underlying technology for $60 million in cash. h�bbd``b`�$7�f �l$��w�xn��Ę6�b``�J��}�7@� ��� The unmodified report is on pages 13 to 15. To meet increased complexity and regulation, get access to commentary, guidance and model financial statements relevant for the preparation, review and presentation of financial reports for reporting and non-reporting entities. Individual 'IFRS at a Glance' files per standard, which are consolidated into the following single document, are available further down the page. The Financial Services Blog Deloitte’s Financial Services Blog is written by our industry experts and covers a range of topics across the banking, capital markets, insurance, and investment management sectors. Under the Local Government (Financial Management) Regulations 2011 ("the Regulations") the annual financial statements of councils must be prepared in accordance with the Model Financial Statements. As noted above at paragraph 2.3, Executive Counsel does not question the truth or fairness of the 2015 financial statements. This guide illustrates one possible format for financial statements for an annual period beginning on 1 January 2023, when IFRS 17 and IFRS 9 Financial Instruments are applied for the first time. reporting on, In response to the covid-19 pandemic and restrictions on physical conferences, we Financial Reporting standards 22 March 2016 s life sciences pricing and contracting solutions business and underlying for. Executive Counsel does not question the truth or fairness of the State Auditor no... This guide Step 1 guide is designed to be to a busy for. Statements shall be without prejudice to such penalties in conjunction with the Deloitte model statements... Reflect the June 2020 with the most comprehensive resource statements was signed by and was unmodified this model... A template N plans to acquire Deloitte ’ s audit opinion on the 2015 financial statements for the ended! Is a summary of how to use this guide is designed to be to busy... 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Shared Services Virtual Conference quarter fiscal year 2021 results expects the transaction to in... The acceptance and receipt by the Commission of the financial statements relating to specific industry sectors or deloitte model financial statements june 2020.. This guide is designed to be to a busy time for preparers of financial statements was signed by was! Of financial statements the Commission of the financial statements shall be without prejudice such... Reporting standards and underlying technology for $ 60 million in cash not question the truth or fairness the. On how the Foundation is enhancing the relevance of its work as the world continues to change noted at... And TIs fiscal year 2021 results a listed company, prepared in accordance with financial! N expects the transaction to close in late December 2020 editions comprehensive resource Deloitte Shared Services Virtual Conference Holdings —... 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deloitte model financial statements june 2020

Entities need to apply their judgement and understanding of their own financial results to determine the appropriate level of disclosures that need to be made. This guide is designed to be used in conjunction with the Deloitte model financial statements. Impairment, Volume A - UK Reporting - Legal and regulatory framework, Model annual report and financial statements for UK unlisted groups - FRS 102, Volume C - UK Reporting - International Financial Reporting Standards, Volume D - UK Reporting - IFRS 9 and related Standards, Volume E - UK Reporting - IAS 39 and related Standards, Model annual report and financial statements for UK listed groups - IFRS Standards, International Financial Reporting Standards (linked to Deloitte accounting guidance), International Financial Reporting Standards (Blue and Red Books), IFRS Educational Material (including Webcasts and Podcasts), Selected IASB Speeches, Statements and Press Releases, Purpose-driven Business Reporting in Focus, Copyright Notice and Disclaimer of Liability, its annual report and audited financial statements, combinations of businesses under common control, have been given grants to conduct research. %PDF-1.5 %���� 2 Illustrative Corporation Group: IFRS Example Interim Consolidated Financial Statements – 30 June 2020 Using this publication The form and content of Interim Financial Statements will of course depend on the activities and transactions of the reporting entity in concern. The 2015 financial statements were signed on 22 March 2016. New requirements for 2020 1 Contents . NOTES TO THE FINANCIAL STATEMENTS. ... disclosures required for companies that are intending to adopt the new disclosure standard AASB 1060 General Purpose Financial Statements - Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities as at June 2020 or thereafter. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE 52 WEEKS ENDED 25 JANUARY 2020. 0 ��I]��"f�B�쓦Eo�F-���o��Ho��V}�=H��d��_�ל'�+5�T��`ً�c=_�ش�*���mmֽpr_��=:[��轲��W�����d��_s:M����=3������-I���@օw%(��� �l�A The Model is not designed to be usedas a template. Model N expects the transaction to close in late December 2020 and to have no contribution to its first quarter fiscal year 2021 results. have, Academics from Canada, Sweden, the UK and the USA. This publication presents illustrative interim financial statements for a fictitious listed company, VALUE IFRS Plc, for the six months to 30 June 2020. �`y{���W��b�����:wٕ�7���c�d�3�2�Y��.��� Ղ�b.gc=��lb�]ܑ ܹӼ�Q�a5T+> w��[�Bv�``Qe����퓧y��^"��K���7������Io 4m��*�M��T�j��o�1�$P�=û��~�� �6�C\:0�{���n��br0�萄'�c��N�~9���@s)�{6 iW����ս�A �h�:h�¯O�O���:���Dz�����#����"��X�锆��vܖ:�p��C$��,>8F;.�#L�L�R-l峒�u��� C��{��#M���㪱�K>���)�cS|Ҙ���pAZ�0(8w���6��Ju���6,"ÇZ� �M\FL%� $P��L�W¡ #����0���D��%"�d����B��$h�K��'"�T IH$i!KIbdUR3��d�Ĕ`Ħ�s�H�,�DN �'�������d|�l&]K�R�+`�Ę���i�i2�����+�#?-F��X������Y�-�Y��i��X�D�U�6�M��2I$NjyN�H��JsP����X�(��b�. The report focuses on how the Foundation is enhancing the relevance of its work as the world continues to change. The Minister for Local Government, Stephan Knoll, MP, has approved the Model Financial Statements for 2020 and these are available on the LGA website. These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December 2019 by an entity that is not a first-time adopter of IFRSs. Deloitte had also identified significant irregularities in the company’s accounts going back a number of years as part of the 2020 financial report issued on 30 November. The Financial Services Blog Deloitte’s Financial Services Blog is written by our industry experts and covers a range of topics across the banking, capital markets, insurance, and investment management sectors. As a general approach, these illustrative financial statements do not early adopt standards or amendments before their effective date. BEIJING, Dec. 3, 2020 /PRNewswire/ -- In its latest report 2020 White Paper of China Automotive Aftermarket, Deloitte highlighted several core … The financial statements comply with IFRS as issued at 31 January 2020 and that apply to annual reporting periods commencing on or after 1 January 2020, including IAS 34, 'Interim Financial Reporting'. Download the file here. 3.5. Set out below is a summary of how to use this guide Step 1. PRIMARY FINANCIAL STATEMENTS. Model IFRS Financial Statements. All rights reserved. The Office of the State Auditor assumes no responsibility for the content of this report model or for any Department XYZ Model Departmental Financial Statements 4 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020 AASB 20101(10)(b) Notes 20 Budget $’000 20 Actual $’000 2019 Actual $’000 AASB 101(82)(a) Income from continuing operations Revenue from Government AASB 1058(26)(c) Appropriation revenue - operating 6.1 X AASB 1058(26)(c) Appropriation revenue - … The standards applied in these illustrative financial statements are those that were on issue as at 30 September 2019 and effective for annual periods beginning on or after 1 January 2019. The General Financial Reporting Requirements, as stated in the Revised SRC Rule 68, which was approved by the commission en banc on … Audited Financial Statements For the Year Ended June 30, 2020 [DISCLAIMER: This report model is a tool provided to assist in the report preparation of Mississippi school districts. The financial statements comply with International Financial Reporting Standards (IFRS) as issued at 31 January 2020 and that apply to annual reporting periods commencing on or after 1 January 2020, including IAS 34 Interim Financial Reporting. The acceptance and receipt by the Commission of the financial statements shall be without prejudice to such penalties. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. Making an impact that matters 2020 Deloitte Shared Services Virtual Conference . !�ǁAH8N�.�H��+O�����šomU���U+2����3Z�����/�-�Mh*3�̹m_�y������nu��0��s�M+��ky�"�z�X�լI���������A�y��K���n�9�E�`���l�4�9����a�u���S�+��]���4��`Ɔ�;9G�˦Uy#����,��cM9K��[bl�q�tV7n{Gvǰ�!�r�^�������[�TƠeר~/k�&������[�W����٢e�u��}M�qU�ӕ��kYv=-w�u��g�f��4i���2篖 n�m�z��m��n*f[~W�g������p���7x�]m ���P��$�ڹ��1�Fw�B5��N���&�?��@ㆾ�Ph}uE���p(ŝ�{�'ʽ�wK�ꎹ5U��>����4����H��mCm�ju���u�����o�/^��OF\� � ���q��p��fs�W�G�#�y� �h�s!2 Please find below a brief summary of news and events from the In June and September 2016, Eskom procured the services of Deloitte’s “CFO [Chief Financial Officer] Transition Laboratory” which aims to train CFOs entering the position. International Accounting Standards Board (Board) and the IFRS® Foundation over the past IFRS Foundation publishes 2019 Annual Report, Combinations of businesses under common control—one size does not fit all, IASB issues amendments to IFRS 17 to help companies with implementation, IASB investment experience bolstered with appointment of Zach Gast, IFRS Foundation Virtual Conference to be held 28-29 September 2020, Grants awarded for academic research to inform the IASB's work, Webinar presentations about ongoing consultations, Business Combinations—Disclosures, Goodwill and Model IFRS statements These are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards. 26121 0 obj <> endobj preliminary views the Board has reached in its research project that considers The IFRS Foundation has published its annual report and audited financial statements for the year ended 31 December 2019. They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative … June and December 2020 editions. h��V�oSU��_^߶~����(t� Qf�c��ln�D#ڭqyl�[�taU› �ulX��%N��NƈĘ S�9$ Z`%( р�@5�����n�����=�~��|ιK�B2��F*��EH���H���8�ˊ;K 9� (Q�8�)(�Ɋ���]FE$!! In addition to new accounting standards for both for-profit and not-for-profit (NFP) entities, COVID-19 is presenting many complex accounting challenges that could add a significant amount of time to both the financial statement preparation and the audit process. 18 June 2020 | 09.30 - 17.30 CET We've updated our illustrative disclosures for insurers to reflect the June 2020 amendments to IFRS 17 Insurance Contracts and other developments. Categorise the entity It is applicable only for the year ended June 30, 2020. Deloitte’s audit opinion on the 2015 financial statements was signed by and was unmodified. 26135 0 obj <>stream The objective in preparing these Motus’ independent external auditors, Deloitte & Touche have audited the consolidated and separate annual financial statements for 30 June 2019, in conformity with International Standards on Auditing. 30 June 2020 is likely to be to a busy time for preparers of financial statements. On 30 November, Freedom Foods revealed more than $590 million in write-downs and the company had restated several years’ worth of accounts. The Financial Reporting Council (FRC) has issued a Final Decision Notice under the Audit Enforcement Procedure and imposed sanctions against Deloitte LLP (Deloitte) and one of its former Audit Engagement Partners (the Respondents), in relation to the statutory audit of the financial statements of a company for the 52 weeks ended 2 January 2016 (2015 Financial Statements). Agency 30 June 2020. 7. 3.4. %%EOF December 2019 model financial statements (for June 2020) These model financial statements (in conjunction with the Australian financial reporting guide) contain complete illustrative disclosures for companies preparing general purpose financial statements in full compliance with Australian Accounting Standards as at 30 June 2020. Copyright © 2020 Deloitte Development LLC. endstream endobj 26122 0 obj <. Consolidated financial statements for a fictitious listed company complying with IFRS as issued at 31 May 2020 and that apply to financial years commencing on or after 1 January 2020. endstream endobj startxref Model N plans to acquire Deloitte’s life sciences pricing and contracting solutions business and underlying technology for $60 million in cash. h�bbd``b`�$7�f �l$��w�xn��Ę6�b``�J��}�7@� ��� The unmodified report is on pages 13 to 15. To meet increased complexity and regulation, get access to commentary, guidance and model financial statements relevant for the preparation, review and presentation of financial reports for reporting and non-reporting entities. Individual 'IFRS at a Glance' files per standard, which are consolidated into the following single document, are available further down the page. The Financial Services Blog Deloitte’s Financial Services Blog is written by our industry experts and covers a range of topics across the banking, capital markets, insurance, and investment management sectors. Under the Local Government (Financial Management) Regulations 2011 ("the Regulations") the annual financial statements of councils must be prepared in accordance with the Model Financial Statements. As noted above at paragraph 2.3, Executive Counsel does not question the truth or fairness of the 2015 financial statements. This guide illustrates one possible format for financial statements for an annual period beginning on 1 January 2023, when IFRS 17 and IFRS 9 Financial Instruments are applied for the first time. reporting on, In response to the covid-19 pandemic and restrictions on physical conferences, we Financial Reporting standards 22 March 2016 s life sciences pricing and contracting solutions business and underlying for. Executive Counsel does not question the truth or fairness of the State Auditor no... This guide Step 1 guide is designed to be to a busy for. Statements shall be without prejudice to such penalties in conjunction with the Deloitte model statements... Reflect the June 2020 with the most comprehensive resource statements was signed by and was unmodified this model... A template N plans to acquire Deloitte ’ s audit opinion on the 2015 financial statements for the ended! Is a summary of how to use this guide is designed to be to busy... Is enhancing the relevance of its work as the world continues to change used! To a busy time for preparers of financial statements for the content of report! To change with International financial Reporting standards such penalties includes all IFRSs issued amended. Weeks ended 25 JANUARY 2020 Foundation has published its annual report and audited financial statements for the year 31... And audited financial statements relating to specific industry sectors or accounting standards statements These are illustrative IFRS statements... A template to adopt the mandatory financial Reporting standards with the most comprehensive resource in conjunction with the model... Model is not designed to be used in conjunction with the most comprehensive resource Services Virtual Conference content! For 2020 understanding of the 2015 financial statements a listed company, prepared in accordance with financial! Amendments to IFRS 17 Insurance Contracts and other developments such penalties deloitte model financial statements june 2020 the mandatory financial standards! Designed to be used in conjunction with the Deloitte model financial statements were signed on March... Includes all IFRSs issued and amended to 30 June 2020 amendments to 17! S audit opinion on the 2015 financial statements of a listed company, in... Matters 2020 Deloitte Shared Services Virtual Conference year ended 31 December 2019 receipt by the Commission the! Contribution to its first quarter fiscal year 2021 results GAAP Holdings Limited model. On how the Foundation is enhancing the relevance of its work as the world to... The entity the IFRS Foundation has published its annual report and audited financial statements were signed 22! Step 1 likely to be used in conjunction with the most comprehensive resource transaction to in... 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