Illustrative IFRS financial statements for Investment Funds

For the year ended 31 December 2014

There is a renewed focus on moving toward a set of globally accepted standards in the area of financial reporting that address the needs of fund investors and acknowledge the unique nature of fund accounting industry. These illustrative financial statements for IFRS provide investment managers with descriptive examples, including a variety of industry disclosures.

Executive summary

This publication of International GAAP Investment Fund (the Fund) is intended to illustrate the presentation and disclosure requirements of International Financial Reporting Standards (IFRS). It also contains additional disclosures that are considered to be best industry practice, particularly where such disclosures are included in illustrative examples provided with a specific Standard.

The Fund is assumed to have presented financial statements in accordance with IFRSs for a number of years. Therefore, it is not a first-time adopter of IFRSs. Readers should refer to IFRS 1 First-time Adoption of International Financial Reporting Standards for specific requirements regarding an entity's first IFRS financial statements, and to the IFRS 1 section of Deloitte's Presentation and Disclosure Checklist on www.iasplus.com for details of the particular disclosure requirements applicable for first-time adopters.

These model financial statements have been presented without regard to local laws or regulations. Preparers of financial statements will need to ensure that the options selected under the various IFRSs do not conflict with such sources of regulation. In addition, local laws or securities regulations may specify disclosures in addition to those required by IFRSs (e.g., information required by the stock exchange on which the Fund's redeemable shares are listed).

Illustrative IFRS financial statements for Investment Funds
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