This publication presents PwC's illustrative consolidated financial statements for a fictitious listed company, containing illustrative disclosures for as many common scenarios as possible. The accounts comply with IFRS as issued at 31 May 2020 and that apply to financial years commencing on or after 1 January 2020.
After several years of major changes, there are only a few revisions to the financial reporting requirements that we had to illustrate in these example financial statements. At the time of writing, the biggest impact on the financial statements of entities all around the world is related to the COVID-19 pandemic. Most entities will be affected by this in one form or another. However, as the events are still unfolding, this publication is not providing any illustrative examples or guidance. Instead, we are referring our readers to our dedicated web site which provides many useful resources, including certain disclosure examples, and which is constantly being updated to reflect latest developments. The website also provides guidance on the amendments made to IFRS 16, 'Leases' for COVID-19-related rent concessions in May 2020. Please see the 'Introduction' for more information.