IFRS Example Interim Condensed Consolidated Financial Statements 2023

Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB) with the potential to significantly impact the presentation of a complete set of financial statements.

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. The member firms of Grant Thornton International Ltd (GTIL) have extensive expertise in the application of IFRS. GTIL, through its IFRS Team, develops general guidance that supports its member firms’ commitment to high quality, consistent application of IFRS and is therefore pleased to share these insights.

The Interim Financial Statements illustrate a six month accounting period beginning on 1 January 2023. They are based on the activities and results of Illustrative Corporation Ltd and its subsidiaries (‘the Group’) – a fictional consulting, service and retail entity that has been preparing IFRS financial statements for several years. The Group produces half-yearly interim financial statements in accordance with IAS 34 ‘Interim Financial Reporting’ at 30 June 2023.

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We hope you find the information helpful in giving you some detail into preparing IFRS Example Interim Consolidated Financial Statements [ 1274 kb ]. If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact or your local member firm.

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