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This article applies to:

  • Product: ONESOURCE Statutory Reporting
  • Subject: Templates

Version 24 - January 2026 (template release)

Template release pack

Period ended
: Period Ended: December 2025
Update Type:
Major (Legislative)

Release Notes

Overview
This
Hong Kong
 Corporate Template Content Version
24.0
 is a
Major
 release that includes important legislative updates and IFRS-alignment changes, along with corrections.
Key legislative updates in this version are effective for annual periods beginning on or after
January 2025
. These updates include:
  • Lack of exchangeability -
     Amendments to HKAS 21
  • Classification and Measurement of Financial Instruments -
     Amendments to HKFRS 9 and HKFRS 7
  • Annual Improvements to HKFRS Accounting Standards - Volume 11-
    Amendments to HKFRS 1, HKFRS 7, HKFRS 9, HKFRS 10 and HKAS 7
  • Contracts Referencing Nature-dependent Electricity -
    Amendments to HKFRS 9 and HKFRS 7
  • Presentation and Disclosure in Financial Statements -
    HKFRS 18
  • Subsidiaries without Public Accountability: Disclosures -
    HKFRS 19
  • Classification by the Borrower of a Term Loan that Contains a Repayment on Demand Clause (amendments) -
    Hong Kong Interpretation 5 Presentation of Financial Statements
  • Sale or Contribution of Assets between an Investor and its Associate or Joint Venture -
    Amendments to HKFRS 10 and HKAS 28.
This version
24.0
 has been released on platforms 6.28.9259, 6.29.9459, 6.30.9574, 6.31.9627, 6.32.9713, 6.33.9810 and 6.34.9900
Legislative updates
Accounting Reference Number
Details
HKAS 21
Lack of exchangeability - Amendments to HKAS 21
HKFRS 9 and HKFRS 7
Classification and Measurement of Financial Instruments - Amendments to HKFRS 9 and HKFRS 7
HKFRS 1, HKFRS 7, HKFRS 9, HKFRS 10 and HKAS 7
Annual Improvements to HKFRS Accounting Standards - Volume 11- Amendments to HKFRS 1, HKFRS 7, HKFRS 9, HKFRS 10 and HKAS 7
HKFRS 9 and HKFRS 7
Contracts Referencing Nature-dependent Electricity - Amendments to HKFRS 9 and HKFRS 7
HKFRS 18
Presentation and Disclosure in Financial Statements - HKFRS 18
HKFRS 19
Subsidiaries without Public Accountability: Disclosures - HKFRS 19
Hong Kong Interpretation 5 Presentation of Financial Statements
Classification by the Borrower of a Term Loan that Contains a Repayment on Demand Clause (amendments) - Hong Kong Interpretation 5 Presentation of Financial Statements
HKFRS 10 and HKAS 28
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture - Amendments to HKFRS 10 and HKAS 28
Corrections
ITEM ID
TITLE
DETAILS AND LIMITATIONS
4820326
Corrected the previously identified defects.
The previously identified defects have been corrected to ensure full alignment with legislative content changes.
Content changes
ITEM ID
TITLE
DETAILS AND LIMITATIONS
4820292
Cover Page and Primary Financial Statements
Text has been updated, according to legislative content changes.
4820295
Note 1: Corporate information Note 2: Accounting policies Note 3: Significant accounting judgements, estimates and assumptions Note 4: Revenue from contracts with customers Note 5: Capital management Note 6: Group information Note 7: Business combinations and acquisition of non-controlling interests Note 8: Partly-owned subsidiaries Note 9: Interest in a joint venture Note 10: Investment in an associate
Text has been updated, according to legislative content changes
4820311
Note 11: Fair value measurement Note 12: Other income/expenses Note 13: Discontinued operations Note 14: Income tax Note 15: Property, plant and equipment Note 16: Investment properties Note 17: Intangible assets and goodwill Note 18: Goodwill and intangible assets with indefinite useful lives Note 19: Financial assets and financial liabilities Note 20: Inventories
Text has been updated, according to legislative content changes
4820315
Note 21: Trade receivables and contract assets Note 22: Prepayments Note 23: Cash and short-term deposits Note 24: Issued capital and reserves Note 25: Distributions made and proposed Note 26: Provisions Note 27: Government grants Note 28: Contract liabilities Note 29: Trade and other payables Note 30: Leases Note 31: Pensions and other post-employment benefit plans Note 32: Share-based payments Note 33: Commitments and contingencies Note 34: Related party disclosures
Text has been updated, according to legislative content changes
4820323
Note 35: Standards issued but not yet effective Note 36: Events after the reporting period
Text has been updated, according to legislative content changes
4820337
Appendix 1: HKFRS 1 First-time Adoption of International Financial Reporting Standards Appendix 2: Simple revenue disclosure by "Type of revenue". Appendix 3: Consolidated statement of financial position with separate presentation lease liability, including disclosure Appendix 4: Material accounting policy information – an illustrative example Appendix 5: Example of a "Auditors' remuneration Note" Appendix 6: Illustrative disclosure about Pillar Two taxes
Text has been updated, according to legislative content changes
4820340
Appendix 1 GAAP Overlay: Example for Directors' report Appendix 2 GAAP Overlay: Replacement for "Consolidated statement of financial position" Appendix 3 GAAP Overlay: Replacement for "Consolidated statement of changes in equity" Appendix 4 GAAP Overlay: Replacement for "Consolidated statement of cash flows" Appendix 5 GAAP Overlay: Replacement for "Note 2.1 Basis of preparation" Appendix 6 GAAP Overlay: Replacement for "Note 2.3 Material accounting policies" Appendix 7 GAAP Overlay: Replacement for "Note 2.4 Changes in accounting policies and disclosures" Appendix 8 GAAP Overlay: Replacement for "Note 12 Other income/expenses"
Text has been updated, according to legislative content changes
4820424
Appendix 9 GAAP Overlay: Example for "Note 14 Income tax" Appendix 10 GAAP Overlay: Replacement for "Note 19 Financial assets and financial liabilities" Appendix 11 GAAP Overlay: Replacement for "Note 24 Issued capital and reserves" Appendix 12 GAAP Overlay: Replacement for "Note 34 Related party disclosures" Appendix 13 GAAP Overlay: Replacement for "Note 35 Standards issued but not yet effective" Appendix 14 GAAP Overlay: Example for "Statement of Financial Position of the Company" Appendix 15 GAAP Overlay: Example for "Loans to directors/ Due from related parties" Appendix 16 GAAP Overlay: Additional contents not illustrated in IFRS
Text has been updated, according to legislative content changes
XBRL Changes
There is no
XBRL
 for this template.
Known Issues
ITEM ID
DETAILS AND LIMITATIONS
1
For users who would like to work on the 6.29.9459 platform, please note there is a Display setting issue because of the platform error. Report elements set to "Never" are not working, they are still showing up in both Preview and Design modes when viewing the notes individually. However, Report elements set to "Never" are working correctly as usual when viewing the full report.
2
There is a character limitation in grid column headings i.e., grid headers can take up to 60 characters only. Previously all column headers have been linked to the grid column. However, if the column header exceeds more than 60 characters, in such cases please remove the link on the header to the grid column and input the complete heading manually.
Additional Information
There are no additional information for this release.
IMPACT ON EXISTING CLIENTS
There are no impacts identified for this release.
DEVIATIONS FROM STANDARD CONFIGURATION
There are no deviations identified for this release.
APPENDIX
There are no appendix items for this release.

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