Components of an interim

financial report

Financial statement consists of:

1. Statement of financial position at the end of
the period
2. Statement of financial position at the
beginning of the earliest comparative period
3. Statement of comprehensive income for the
period
4. Statement of changes in equity for the
period
5. Statement of cash flow for the period
6. Notes, comprising a summary of accounting
policies and other explanatory information

 Due to cost and time consideration

and to avoid repitition, entity may be
required or may elect to provide less
information. This standard provides
minimum content of an interim
financial report.
But standard does not intend to
prohibit or discourage publishing
complete a set financial statement in
interim financial report orive versa

Minimum components of an interim

financial report
1. Condensed statement of financial position
2. Condensed statement of comprehensive
income:
. Condensed single statement
. Condensed separate income statement and
condensed statement of comprehensive
income
3. Condensed statement of changes in equity
4. Condensed Statement of cash flow
5. Selected explanatory notes

Form and content of interim

financial statement
If entity publishes a complete set of
financial statement it conforms with
requirement of IAS 1
If entity publishes a set of condensed
financial statements, they should at
minimum each include headings and
subtotals included in most recent financial
statement and selected notes as required
by this Standard. Any additions can be
added if omitting it will be misleading

Selected explanatory notes

Entity should include following information, as a minimum, in the
notes of its interim financial statement:
1. Statement that same accounting policies and method of
computation are used in interim financial statements and
compared with recent annul financial statement. or if it is changed
then a description of nature and effect is required
2. Explanatory comments about the cyclicality of interim operations
3. Nature and amount of items affecting assets, liabilities, equity, net
income or cash flow that are unusual.
4. Nature and amount of changes in estimates of amount reported in
interim periods of current financial year or prior financial years.
And if these changes have any material effect in current interim
period
5. Issuances, repurchases and payment of debt and securities

 Dividends paid seperately for ordinary and other

shares.
The following is only disclosed if IFRS 8
(operating segment) required entity to do so:
Revenue from external customers
Intersegment revenue
Measure of segment profit or loss
Total assets for which has been a material
change from the amount disclosed in last annual
financial statement
Description of difference from last annual
financial statement
Reconciliation of total of reportable segments
measure of profit or loss