This edition (PDF 1.7 MB) is based on a fictitious tax-exempt open-ended single-fund investment company, which is not a first-time adopter of IFRS Standards. Intangible assets and goodwill 146 28. Illustrative Financial Statements 2019. Good Mining (International) Limited 31 December 2019. About this technical guide. PwC 3 Introduction This publication presents illustrative consolidated financial statements for a fictitious listed company, VALUE IFRS Plc. This publication provides an illustrative set of consolidated financial statements, for a fictitious listed company, VALUE HKFRS Limited. Accounting, Auditing, Actuarial, EY, Commentaries, 2019 Commentaries, Illustrative accounts and checklists Accounting, IFRS Good Group (International) Limited - Illustrative consolidated financial statements for the year ended 31 December 2019 | Better Regulation As a general approach, these illustrative financial statements do not early adopt standards, amendments or interpretations before their effective date. FUND Financial Statements For the Financial Years Ended April 30, 2019, and 2018 (i) IMF Financial Statements 2019 I. © 2001-2020 PwC. • Compile financial statements of funds with special legal requirements and complex structures, such as multi-class funds, master-feeder structures, pooled sub-funds, segregated portfolio companies. They illustrate the impact of the application of IFRSs that are mandatorily effective for the annual period beginning on 1 January 2019. This publication contains an illustrative set of consolidated financial statements for Good Group (International) Limited (the parent) and its subsidiaries (the Group) for the year-end 31 December 2019 that is prepared in accordance with International Financial Reporting Standards (IFRS). The information contained in these illustrative financial statements is of a general nature related to private investment companies only and is not intended to address the circumstances of any particular entity. 1 Good Group (International) Limited ... Good Investment Fund Limited (Equity) ... illustrative financial statements, the Group is not claiming compliance with IFRS as such, but rather, with the requirements of IAS 34. International Accounting Standards Board . illustrative annual financial statements: Good Bank, Good Insurance, Good Investment Fund (Equity and Liabilities), Good Mining, Good Petroleum, Good Real Estate, and Good Construction. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Viewpoint has replaced Inform - click here to visit our new platform Users of this publication are encouraged to select disclosures relevant to their circumstances and adjust appropriately. illustrative financial statements for 2018 year ends. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. 1. KPMG’s Alternative Investments Illustrative Financial Hedge Funds and Private Equity Funds Share. This set of illustrative statements is one of many prepared by Ernst & Young to assist you in preparing your own financial statements. Other investments, including derivatives 91 ... As preparers apply IFRS 16 in their 2019 annual financial statements for the first ... requirements are illustrated in our Guide to condensed interim financial statements – Illustrative disclosures . Alternative Investments Illustrative Financial Statements 2020. This publication presents the sample annual financial report of a fictitious public company, VALUE ACCOUNTS Holdings Limited. The Illustrative consolidated financial statements of Good Mining (International) Limited and subsidiaries for the year ended 31 December 2019. Illustrative IFRS financial statements 2019 - Investment fundsandIllustrative IFRS financial statements 2018 - Private equitymay also be relevant to some real estate entities. home.kpmg/ifrs $ Contents. publication Illustrative IFRS financial statements 2016 – Investment funds (see Appendix II, III, VII, VIII, IX and XII for detailed cross-references for topics that may also be relevant to private equity funds that have been included in this other publication in the Illustrative’ series). for investment funds. statements 30 June 2019. Illustrative Financial Statements 2016. Opinion of the directors In the opinion of the directors, (a)CA Sch 12(1)(a) the financial statements of the Company are drawn up so as to give a true and fair view of the financial position of the Company as at 31 December 2019 and the financial 1000. This guide focuses on investment fund-specific issues, and therefore does not illustrate disclosures of a more general nature or disclosures not relevant to our It illustrates the financial reporting requirements that would apply to such a company under Australian Accounting Standards on issue at 30 September 2019. Illustrative Financial Statements 2015. The most significant change to the publication this year is updated guidance included in Appendix VIII to address IFRIC 23 ‘Uncertainty over income tax treatments’ which is applicable for financial years beginning on or after 1 January 2019. About this guide 2 References and abbreviations 5 Financial statements 6. This set of illustrative financial statements is one of many prepared by EY to assist you in preparing your own financial statements. Please click here to redirect to the Alternative Investments Illustrative Financial Statements 2020 page. Our Guides to financial statements help you to prepare financial statements in accordance with IFRS Standards by illustrating one possible format. Certain information contained in these illustrative financial statements may be superseded as new guidance or interpretations are issued. PwC Value Accounts Investment Funds 1 30 June 2019 Introduction This publication presents illustrative general purpose annual financial statements (GPFS) for a fictitious managed investment scheme, VALUE ACCOUNTS Unit Trust, and a fictitious pooled superannuation trust, VALUE ACCOUNTS Pooled Superannuation Trust. For the year ended 31 December 2019. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. 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. All Rights Reserved. Published on: Oct 14, 2020 The model financial statements of International GAAP Holdings Limited for the year ended December 31, 2020 are intended to illustrate the presentation and disclosure requirements of IFRS Standards without the use of any actual numbers. This publication provides certain illustrative disclosures on the impact of COVID-19 in the financial statements in Appendix 2. The illustrative financial statements are intended to reflect transactions, events and circumstances that we ... ended 31 December 2019, ... • Good Investment Fund … This edition contains illustrative consolidated financial statements with year-end 31 December 2019. This publication is based on the requirements of IFRS standards and interpretations for the financial year beginning on 1 January 2019. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. Illustrative IFRS consolidated financial statements December 2019 Financial statements 6 Statement of profit or loss 9 Statement of comprehensive income 10 Balance sheet 17 Statement of changes in equity 21 Statement of cash flows 24 Appendices 201 Independent auditor's report 200 Certain disclosures are included in these financial statements merely for illustrative purposes, even though they may be regarded as items or transactions that are not material for the Group. business, financial, investment, legal, or other professional advice. 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. Property and equipment 145 27. Illustrative IFRS financial statements - Investment funds 2019 Publication date: 08 Nov 2019 This publication is based on the requirements of IFRS standards and interpretations for the financial year beginning on 1 January 2019. This publication is designed to help you prepare financial statements for investment funds in line with Australian Accounting Standards. This publication illustrates the presentation and disclosure requirements of IFRS for investment funds. Investment securities 143 26. 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. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. This set of illustrative financial statements is one of many prepared by EY to assist you in preparing your own financial statements. PwC VALUE ACCOUNTS Investment Funds i 30 June 2019 Foreword Welcome to the 2019 edition of the Investment Funds financial reporting publication in our VALUE ACCOUNTS series. 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. These reflect changes to IFRS effective for year ending 31 December 2019. Preface About this publication: This publication is an illustrative financial statements (IFS) of a Singapore-incorporated company, ABC Pte. 31 December 2019 year ends. We can help you with this challenge and are pleased to share our insights by publishing Example consolidated financial statements 2019 [ 692 kb ] (Example Financial Statements). The form and content of financial statements are the responsibility of the specific entity’s management. December 2019 kpmg.com Hedge funds Illustrative financial statements. PwC VALUE ACCOUNTS Investment Funds i 30 June 2019 Foreword Welcome to the 2019 edition of the Investment Funds financial reporting publication in our VALUE ACCOUNTS series. The following are illustrative financial statements from the respective public accounting firms, which are prepared based on IFRS, and the related disclosure checklists to be used in the preparation of financial statements in accordance with IFRS. For more information about our organization, please visit ey.com. The guide focuses on investment fund-specific issues and includes example pre-transition disclosures about the effect of adopting the new financial instruments standard. › Illustrative Statements Ahead of the upcoming 31 December year ends, we have released our latest illustrative US GAAP financial statements for Private Equity and Hedge Funds, which will be a very useful guide for preparers and cover the relevant changes in accounting standards in 2019. Illustrative financial statements of an investment fund whose puttable shares are classified as financial liabilities. Related content. It also contains additional disclosures that are considered to be best industry practice, particularly where such disclosures are included in illustrative examples provided with a specific standard. ... Illustrative Financial Statements for 2019 November 2019 ... Federal funds sold 2Cash and cash equivalents. The Fund is a fictitious open ended investment fund, incorporated and listed in a fictitious country within Europe. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. Investment property - 2018 Illustrative IFRS consolidated financial statements Private Equity Funds - 2019 Illustrative IFRS financial statements IFRS 9 for banks - Illustrative disclosures Viewpoint has replaced Inform - click here to visit our new platform, Industry Illustrative financial statements, Illustrative IFRS financial statements - Investment funds 2019. IFRS ® Standards. A guide for companies listed on the Main Board of The Stock Exchange of Hong Kong Limited, which are required to prepare their annual financial reports. Review our cookie policy for more information. UK GAAP (FRS 102) illustrative financial statements for 2018 year ends UK Accounting Consulting Services PricewaterhouseCoopers LLP Published by. Illustrative Annual Accounts for Management Companies and Alternative Investment Fund Managers in accordance with Luxembourg GAAP | January 2018 3 Dear Readers, With around EUR 4.13 trillion of total net assets in Investment Funds as at 31 October 2017, Luxembourg continues to be Europe’s leading Investment Fund centre. Accounting, Auditing, Actuarial, EY, Commentaries, 2019 Commentaries, Illustrative accounts and checklists Accounting, IFRS Good Group (International) Limited - Illustrative consolidated financial statements for the year ended 31 December 2019 | Better Regulation Illustrative consolidated financial statements • Investment property, 2014 • Investment funds, 2014 Realistic sets of financial statements – for existing IFRS preparers – illustrating the required disclosure and presentation. This publication presents illustrative consolidated financial statements for a fictitious listed company, VALUE IFRS Plc. The standards applied in these illustrative financial statements are those that were in issue as at 30 June 2019 and effective for annual periods beginning on or after 1 January 2019. The information is general in nature, based on existing authorities, and is subject to change. • Support management’s mastering of US GAAP and IFRS. » Industry Illustrative financial statements. Illustrative IFRS financial statements 2019 – Investment funds This publication provides an illustrative set of financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional open-ended investment fund (‘ABC Fund’ or the ‘Fund’). This set of illustrative financial statements is one of many prepared by EY to assist you in preparing your own financial statements. Keywords: Illustrative Financial Statements; annual financial reporting; HKFRS Created Date: 6/17/2019 10:49:10 AM • Compile financial statements of funds with special legal requirements and complex structures, such as multi-class funds, master-feeder structures, pooled sub-funds, segregated portfolio companies. Some firm services may not be available to attest clients. It illustrates the major elements of the financial statements and provides … • … This publication is based on the requirements of IFRS standards and interpretations for the financial year beginning on 1 January 2019. The Illustrative consolidated financial statements of Good Mining (International) Limited and subsidiaries for the year ended 31 December 2019. Illustrative Financial Statements 2014. • Support management’s mastering of US GAAP and IFRS. Overall, the number of The illustrative financial statements are intended to reflect transactions, events and circumstances that we consider to be most common for a broad range of first-time adopters of IFRS, across a wide variety of industries. The illustrative financial statements are intended to reflect transactions, events and circumstances that we consider to be most common for companies in the real estate sector. Guide to annual financial statements. Are you running an analogue supply chain for a digital economy? EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. PricewaterhouseCoopers LLP has not verified the contents of any third party web sites and does not endorse, warrant, promote or recommend any information, services or products which may be provided or accessible through them or any body or person which may provide them. EY | Assurance | Consulting | Strategy and Transactions | Tax. These are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards. Important notices: This publication is intended as an illustrative guide rather than a definitive statement. Investment property - 2019 Industry Illustrative financial statements Private Equity Funds - 2019 Illustrative IFRS financial statements IFRS 9 for banks - Illustrative disclosures PwC – Illustrative Financial Statements of Private Equity Fund holding an Investment Entity subsidiary 2 Investment Entities (amendments to IFRS 10, IFRS 12 and IAS 28) ‘Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28)’ was issued in December 2014. financial statements – Illustrative disclosures (September 2018) and Guide to annual financial statements – Illustrative disclosures for banks (December 2018). Good Mining (International) Limited 31 December 2019. All rights reserved. Please refer to your advisors for specific advice. Also see EY’s online disclosure checklist; Illustrative financial statements . In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. This publication contains an illustrative set of financial statements for Good Investment Fund Limited (Liability) (the Fund) that has been prepared in accordance with International Financial Reporting Standards (IFRS). • … December 2019 Financial statements 6 Statement of profit or loss 9 Statement of comprehensive income 10 Balance sheet 17 Statement of changes in equity 21 Statement of cash flows 24 Appendices 201 Independent auditor's report 200 . Illustrative IFRS financial statements - Investment funds 2019 Highlighting Areas of Focus in an Evolving Audit Environment Due to the Impact of COVID-19 Top Searches IFRS example consolidated financial statements 2019 (Grant Thornton) Example financial statements for a fictional consulting, service and retail entity. Impairment guidance Guidance includes: • Questions and answers on impairment of non-financial assets in the current crisis. The model financial statements of International GAAP Holdings Limited for the year ended December 31, 2020 are intended to illustrate the presentation and disclosure requirements of IFRS Standards without the use of any actual numbers. This publication provides illustrative financial statements for the year ended 31 December 2019. Will your digital investment strategy go from virtual to reality? This publication contains an illustrative set of financial statements for Good Investment Fund Limited (Liability) (the Fund) that has been prepared in accordance with International Financial Reporting Standards (IFRS). Equity ‑accounted investees 88 25. Ltd. (the Company) for the financial year ended 31 December 2019. Illustrative consolidated financial statements of Good First-time Adopter (International) Limited and subsidiaries for the year ended 31 December 2019. statements of ABC Pte. © 2020 EYGM Limited. International Financial Reporting Standards (IFRS) Illustrative Financial Statements and Disclosure Checklists. This publication is designed to help you prepare financial statements for investment funds in line with Australian Accounting Standards. KPMG's ISG announces its Guide to annual financial statements – Illustrative disclosures for investment funds to help companies that report under IFRS prepare their financial statements. The shares of the parent company of the illustrated IP Group are publicly traded; disclosures on segments and It includes standards applicable (without early adoption) as of December 31, 2015. This has been included in Appendix III. The illustrative financial statements are intended to reflect transactions, events and circumstances that we consider to … Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. VALUE HKFRS Limited and its subsidiaries manufacture goods, provides IT consulting services and hold investment property. Illustrative IFRS financial statements 2018 – Investment funds This publication provides an illustrative set of financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional open-ended investment fund (‘ABC Fund’ or the ‘Fund’). Securities purchased under agreements to resell. Financial statement preparers and other users of these illustrative financial statements are therefore cautioned to stay informed of, and carefully evaluate, subsequent authoritative and interpretative guidance. remember settings), Performance cookies to measure the website's performance and improve your experience, Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you,  Social media cookies, which allow you to share the content on this website on social media like Facebook and Twitter. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as … The financial statements comply with International Financial Reporting Standards (IFRS) as issued at 31 May 2019 and that apply to financial years commencing on or after 1 January 2019. EY also have industry-specific financial statements for banks, investment funds, mining, petroleum and insurance businesses, and real estate groups. Investment property - 2019 Industry Illustrative financial statements Private Equity Funds - 2019 Illustrative IFRS financial statements IFRS 9 for banks - Illustrative disclosures The Fund is a fictitious open ended investment fund, incorporated and listed in a fictitious country within Europe. Warning, this action will download the whole document into PDF format. Interest-bearing deposits in other financial institutions . IFRS example consolidated financial statements 2019 (Grant Thornton) Example financial statements for a fictional consulting, service and retail entity. Financial highlights 7 Statement of financial position 8 Statement of comprehensive income 9 Statement of changes in net assets attributable . In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Warning, this action will add the whole document to my documents. Please see www.pwc.com/structure  for further details. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Investment Fund Limited (Equity) illustrative financial statements for the year ended 31 December 2018, the ordering of the notes follows, to a great extent, the structures suggested in paragraph 114 of IAS 1 by giving prominence to and grouping Investment property 86 24. financial reporting timelines. What elevated levels of political risk mean for business in 2021. Any questions on the illustrative fund financial statements, or suggestions for improvements, can be sent to Parry Deopersad (Cayman) or Michael Baker (Cayman). to holders of redeemable shares 10 … They illustrate the impact of the application of IFRSs that are mandatorily effective for the annual period beginning on 1 January 2019. 3. The most significant change to the publication this year is updated guidance included in Appendix VIII to address IFRIC 23 ‘Uncertainty over income tax treatments’ which is applicable for financial years beginning on or after 1 January 2019. Supporting commentary is also provided. EY also have industry-specific financial statements for banks, investment funds, mining, petroleum and insurance businesses, and real estate groups. General information 43 2. The Fund’s functional and presentation currency is the euro (€). 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