(These incorporate the June 2011 amendments to IAS 1 and are effective for annual periods commencing on, or after, 1 July 2012).

Transcription

1 This booklet contains pro-forma: a) Statement of Comprehensive Income By Nature (page 1), Statement of Comprehensive Income By Function (page 2), and Statement of Financial Position (page 3). AND (IAS 1 Presentation of Financial Statements permits the use of these for annual periods commencing prior to, or on, 30 June 2012). b) Statements of Profit or Loss and Other Comprehensive Income By Epense (page 4), Statements of Profit or Loss and Other Comprehensive Income By Function (page 5), and Statement of Financial Position (page 6). (These incorporate the June 2011 amendments to IAS 1 and are effective for annual periods commencing on, or after, 1 July 2012). Candidates may opt to answer questions to which these are relevant using either a) the formats permissible up to 30 June 2012, or b) those that are effective for annual periods commencing on, or after, 1 July The Institute of Certified Public Accountants in Ireland, 17 Harcourt Street, Dublin 2.

2 *Consolidated Statement of Comprehensive Income for the Year Ended 31st December 20X4 (Illustrating the classification of epenses by nature ) 20X4 20X3 Revenue Other operating income Changes in inventories of finished goods and work in progress () () Work performed by the enterprise and capitalised Raw materials and consumables used () () Employee benefits epense () () Depreciation and amortisation epense () () Impairment of property, plant and equipment () () Finance costs () () Other epenses () () Share of profit/(loss) of associates Profit/(loss) before ta Income ta epense () () Profit/(loss) for the year Other comprehensive income: Echange differences on translating foreign operations Gain/(loss) on property revaluation Gain/(loss) on available-for-sale financial assets Share of other comprehensive income of associates Other comprehensive income for the year Total comprehensive income for the year Profit/(loss) attributable to: Owners of the parent Non-controlling interests Total comprehensive income/(loss) attributable to: Owners of the parent Non-controlling interests * A requirement of IAS 1 is that each entity must clearly identify whether the financial statements are of an individual entity or a group of entities. Page 1

3 *Consolidated Statement of Comprehensive Income for the Year Ended 31st December 20X4 (Illustrating the classification of epenses by function ) 20X4 20X3 Revenue Cost of sales () () Gross profit Other operating income Distribution costs () () Administrative epenses () () Finance costs () () Other epenses () () Share of profit/loss of associates Profit/(loss) before ta Income ta epense () () Profit/(loss) for the year Other comprehensive income: Echange differences on translating foreign operations Gain/(loss) on property revaluation Gain/(loss) on available-for-sale financial assets Share of other comprehensive income of associates Other comprehensive income for the year Total comprehensive income for the year Profit/(loss) attributable to: Owners of the parent Non-controlling interests Total comprehensive income/(loss) attributable to: Owners of the parent Non-controlling interests * A requirement of IAS 1 is that each entity must clearly identify whether the financial statements are of an individual entity or a group of entities. Page 2

4 *Consolidated Statement of Financial Position as at 31st December 20X4 20X4 20X3 ASSETS Non-current Assets Property, plant and equipment Goodwill Other intangible assets Investments in associates Available-for-sale-investments Other Assets Total non-current assets Current Assets Inventories Trade and other receivables Other current assets Cash and cash equivalents Total current assets Total Assets EQUITY AND LIABILITIES Equity attributable to owners of parent Issued share capital Reserves Retained Earnings Other components of equity Non-controlling interests Total Equity Non-current Liabilities Long-term borrowings Deferred ta Long-term provisions Total non-current liabilities Current Liabilities Trade and other payables Short-term borrowings Current portion of long-term borrowings Current ta payable Provisions Total current liabilities Total Liabilities Total Equity and Liabilities * A requirement of IAS 1 is that each entity must clearly identify whether the financial statements are of an individual entity or a group of entities. Page 3

5 Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 20X4 (illustrating the classification of epenses by epense ) * Continuing operations 20X4 20X3 000 s 000 s Revenue Other operating income Changes in inventories of finished costs and work in progress () () Work performed by the enterprise and capitalised Staff costs () () Depreciation and amortisation costs () () Impairment of property, plant and equipment () () Other operating epenses () () Results from operating activities Finance income Finance costs () () Net finance costs () () Share of profit of equity-accounted investees, net of ta Profit before ta Ta epense () () Profit from continuing operations Discontinued operation Profit (loss) from discontinued operations, net of ta Profit for the year Other comprehensive income Items that may be reclassified into the profit or loss Foreign currency gains from the translation of foreign operations Share of associate s OCI Ta related to OCI items that may be reclassified to profit and loss () () Items that may not be reclassified into the profit or loss Revaluation of property, plant and equipment () () Net changes in fair value of available for sale financial assets Remeasurement of net defined benefit liability () () Ta related to OCI items that will not be reclassified to profit and loss () () Total other comprehensive income Total comprehensive income for the year Profit(loss) attributable to: Owners of the parent Non-controlling interests Total comprehensive income (loss) attributable to: Owners of the parent Non-controlling interests Note: The above incorporates modifications to the Statement of Comprehensive Income (see amendments to IAS 1 - June 2011) and is effective for annual periods beginning on, or after, 1 July Earlier adoption is permitted. Candidates in the 2013 eaminations may use the above or one of the previous pro forma Statements of Comprehensive Income (see pages 1 and 2). * A requirement of IAS 1 is that each entity must clearly identify whether the financial statements are of an individual entity or a group of entities. Page 4

6 * X Group Limited Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 20X4 (illustrating the classification of epenses by function ) Continuing operations 20X4 20X3 000 s 000 s Revenue Cost of sales () () Gross profit Other income Selling and distribution epenses () () Administrative epenses () () Research and development epenses () () Other epenses () () Results from operating activities Finance income Finance costs () () Net finance costs () () Share of profit of equity-accounted investees, net of ta Profit before ta Ta epense () () Profit from continuing operations Discontinued operation Profit (loss) from discontinued operations, net of ta Profit for the year Other comprehensive income Items that may be reclassified into the profit or loss Foreign currency gains from the translation of foreign operations Share of associate s OCI Ta related to OCI items that may be reclassified to profit and loss () () Items that may not be reclassified into the profit or loss Revaluation of property, plant and equipment () () Net changes in fair value of available for sale financial assets Remeasurement of net defined benefit liability () () Ta related to OCI items that will not be reclassified to profit and loss () () Total other comprehensive income Total comprehensive income for the year Profit(loss) attributable to: Owners of the parent Non-controlling interests Total comprehensive income (loss) attributable to: Owners of the parent Non-controlling interests Note: The above incorporates modifications to the Statement of Comprehensive Income (see amendments to IAS 1 - June 2011) and is effective for annual periods beginning on, or after, 1 July Earlier adoption is permitted. Candidates in the 2013 eaminations may use the above or one of the previous pro forma Statements of Comprehensive Income (see pages 1 and 2). * A requirement of IAS 1 is that each entity must clearly identify whether the financial statements are of an individual entity or a group of entities. Page 5

7 * X Group Limited Consolidated Statement of Financial Position as at 31 December 20X4 Assets 20X4 20X3 000 s 000 s Property, plant and equipment Intangible assets and goodwill Investment property Equity- accounted investees Other investments, including derivatives Non-current assets Inventories Other investments, including derivatives Trade and other receivables Prepayments Cash and cash equivalents Assets held for sale Current assets Total assets Equity Share capital Share premium Reserves Retained earnings Equity attributable to the owners of the Company Non-controlling interests Total equity Liabilities Loans and borrowings Employee benefits Trade and other payables Deferred income/revenue Provisions Deferred ta liabilities Non-current liabilities Bank overdraft Current ta liabilities Loans and borrowings Trade and other payables Deferred income/revenue Provisions Liabilities held for sale Current liabilities Total liabilities Total equity and liabilities Note: IAS 1was amended in June 2011 and these amendments are effective for annual periods beginning on, or after, 1 July Earlier adoption is permitted. Candidates in the 2013 eaminations may use the above or the previous pro forma Statement of Financial Position (see page 3). * A requirement of IAS 1 is that each entity must clearly identify whether the financial statements are of an individual entity or a group of entities. Page 6