Example Interim Consolidated Financial Statements 2024

The Grant Thornton International IFRS team has published the 2024 version of its IFRS Example Interim Condensed Consolidated Financial Statements 2024 (hereafter the “Interim financial statements”).

Interim financial statements illustrate a six-month accounting period beginning on January 1, 2024. They are based on the activities and results of Illustrative Corporation Ltd. and its subsidiaries (hereafter the “Group”) – a fictional consulting, service and retail entity that has been preparing IFRS financial statements for several years. The Group produces half-yearly interim financial reports in accordance with IAS 34 at June 30, 2024.

An entity complying with IAS 34 has the choice of preparing a condensed set of interim financial statements or a full set of IFRS financial statements. These interim financial statements illustrate a condensed set of interim financial statements based on the requirements of IAS 34.8. Where a full set of financial statements is presented in the interim financial report, the form and content of those financial statements are required to conform to the requirements of IAS 1 Presentation of Financial Statements for a complete set of financial statements (IAS 34.9).

Interim financial statements have been reviewed and updated to reflect changes in IAS 34 Interim Financial Reporting (IAS 34) and in other IFRS that are effective for the year ending December 31, 2024, and that have been issued prior to March 31, 2024.