This article applies to:

Version 10 - December 2024 (CUD release)

This template contains illustrative model content with legislative coverage for annual year end reporting until December 31, 2024.

Financial Period Type: 12-Months (Annual)

Current compliance until: Year end December 2024

Target Industry Type: Manufacturing, Services, and Generic (excluding Financial Services)

Legislative updates

You must disclose the new accounting standards in the notes of the financial statements.

IFRS 18 – Presentation and Disclosure in the financial statements

IFRS 19 – Subsidiaries without public interest: Information to be disclosed.

Early adoption for accounting standards

New accounting standards that companies have to evaluate for the presentation of Financial Statements under full IFRS:

IFRS 18: Presentation and information to be disclosed in the financial statements.

IFRS 19: Subsidiaries without public interest: Information to be disclosed.

You can apply these rules early, but it's not required. Make sure to mention any possible effects in the notes.