International GAAP 2020

Chapter 41Interim 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
    • 4.1.1 Relevance of other standards in condensed financial statements
  • 4.2 Other disclosures required by IAS 34
    • 4.2.1 Location of the specified disclosures in an interim financial report
  • 4.3 Illustrative examples of disclosures
    • 4.3.1 Inventory write-down and reversals
    • 4.3.2 Impairment
    • 4.3.3 Reversal of impairment
    • 4.3.4 Acquisitions and disposals of property, plant and equipment
    • 4.3.5 Capital commitments
    • 4.3.6 Litigation settlements
    • 4.3.7 Changes in circumstances affecting fair values
    • 4.3.8 Default or breach of loan covenants not remedied before the end of interim period
    • 4.3.9 Related party transactions
    • 4.3.10 Transfers between different levels of fair value hierarchy
    • 4.3.11 Contingent liabilities
    • 4.3.12 Accounting policies and methods of computation
    • 4.3.13 Seasonality or cyclicality of operations
    • 4.3.14 Amounts that are unusual because of their nature, size or incidence
    • 4.3.15 Issues, repurchases and repayments of debt and equity securities
    • 4.3.16 Dividends paid for each class of share