International GAAP 2012: Generally Accepted Accounting Practice under International Financial Reporting Standards

Chapter 39

Interim Financial Reporting

1 Introduction

1.1 Definitions

2 Objective and Scope of IAS 34

2.1 Objective

2.2 Scope

3 Components, Form and Content of an Interim Financial Report Under IAS 34

3.1 Complete set of interim financial statements

3.2 Condensed interim financial statements

3.3 Requirements for both complete and condensed interim financial information

3.4 Management commentary

4 Disclosures in Condensed Financial Statements

4.1 Significant events and transactions

4.2 Other disclosures

4.3 Illustrative examples

4.3.1 Inventory write-down and reversals

4.3.2 Impairment

4.3.3 Reversal of restructuring provisions

4.3.4 Acquisition and disposal of property, plant and equipment

4.3.5 Capital commitments

4.3.6 Litigation settlements

4.3.7 Correction of prior period errors

4.3.8 Changes in circumstances affecting fair values

4.3.9 Default or breach of loan covenants not remedied before the end of interim period

4.3.10 Related party transactions

4.3.11 Transfers between different levels of fair value hierarchy

4.3.12 Changes in classification of financial assets arising from changes in use

4.3.13 Contingent liabilities

4.3.14 Accounting policies and methods of computation

4.3.15 Seasonality or cyclicality of operations

4.3.16 Amounts that are unusual because of their nature, size or incidence

4.3.17 Changes in estimates

4.3.18 Issues, repurchases and repayments of debt and equity securities

4.3.19 Dividends paid for each class of share

4.3.20 Events after the interim ...