Model Annual Reports

 

This model provides an illustrative example of annual financial statements of a group prepared under full NZ IFRS by a for-profit tier 1 reporting entity for the reporting period ending 31 December 2013. The disclosure exemptions available under the Reduced Disclosure Regime are shaded throughout the model financial statements and additional guidance specific to tier 2 entities is included in the commentary boxes. 

This model provides an illustrative example of annual financial statements of a group prepared by a for-profit tier 2 reporting entity applying NZ IFRS (RDR) for the reporting period ending 31 December 2013. Additional guidance in relation to the Reduced Disclosure Regime is provided in the commentary boxes.

Green Dot Differential Holdings Limited is a fictional New Zealand company registered under the Companies Act 1993. This model annual report for the year ended 31 December 2010 provides an illustrative example of annual financial statements prepared by a Group which qualifies for and applies differential reporting concessions under NZ IFRS. These model financial statements were developed in May 2011 and thus do not illustrate disclosure requirements for Standards and Interpretations approved after May 2011. [Developed May 2011] 

This model annual report has been designed by Deloitte to assist clients, partners and staff with the preparation of annual financial statements by a parent and group under New Zealand equivalents to International Financial Reporting Standards ('NZ IFRS') for periods beginning on or after 1 January 2009.

This model annual report has been designed by Deloitte to assist clients, partners and staff with the preparation of annual financial statements by a parent and group under New Zealand equivalents to International Financial Reporting Standards ('NZ IFRS') for periods beginning on or after 1 January 2009.

The model annual report comprises the following sections:

Section A - Reporting obligations
This section provides background information regarding the reporting requirements and legislative framework in New Zealand.

Section B - Model annual report
This section contains model annual report disclosures and commentaries, including subjects such as corporate governance, the Companies Act 1993 disclosures and stock exchange disclosures.

Section C - Model financial statements
This section contains the model financial statements of Green Dot Holdings Limited, for the year ended 31 December 2009.
Section C is also available in Word: click here

Section D - Other information
This section contains additional tools for users, including a listing of each NZ IFRS which is applicable for the year ended 31 December 2009, what is required in an NZX preliminary announcement, and a timeline of critical reporting dates for entities with a 31 December 2009 reporting date.

Appendix - NZ IFRS 3 Business Combinations (revised 2008) and NZ IAS 27 Consolidated and Separate Financial Statements (revised 2008)
This provides an overview of the impact of adopting these revised standards, and an illustration of the type of disclosures that will be required.

Full Annual Report: click here to access Sections A, B, C, D and the Appendix as one pdf document.