Hong Kong Financial Reporting Standards
Illustrative financial statements 2013
Published by Deloitte's Asia-Pacific IFRS Centre of Excellence in Hong Kong, this publication aims to provide useful guidance to preparers of financial statements reporting under Hong Kong Financial Reporting Standards (HKFRSs). Specifically, this publication contains a set of illustrative annual financial statements for the year ended 31 December 2013 for a hypothetical entity with its shares listed on the Stock Exchange of Hong Kong Limited that are prepared in accordance with HKFRSs and the relevant disclosure requirements set out in the Hong Kong Companies Ordinance and the Listing Rules.
The illustrative annual financial statements reflect the impact of the application of some new and revised HKFRSs that are mandatorily effective for 2013 (e.g., the package of 5 standards on consolidation, joint arrangements, associates and disclosures, the new standard on fair value measurement, and various other amendments).