IFRS Illustrative Financial Statements - Sept 2011

The purpose of this publication is to assist preparers in preparing, and auditors in auditing, financial statements in accordance with IFRS. It illustrates one possible format for financial statements based on a fictitious multinational corporation.

This publication reflects IFRSs in issue at 1 September 2011 that are required to be applied by an entity with an annual period beginning on 1 January 2011 (‘currently effective’ requirements). IFRSs that are effective for annual periods beginning after 1 January 2011 (‘forthcoming’ requirements) have not been adopted early in preparing these illustrative financial statements.

The illustrative financial statements have been produced by the KPMG International Standards Group (part of KPMG IFRG Limited) and the views expressed herein are those of the KPMG International Standards Group.