This publication provides an illustrative set of consolidated financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for a fictional manufacturing, wholesale and retail group (Footsy & Co Group).
Footsy & Co Group is an existing preparer of IFRS consolidated financial statements; IFRS 1, First-time Adoption of International Financial Reporting Standards, is not applicable. Footsy & Co Group early adopted in 2004 all the IFRS issued up to and including March 2004; these were not therefore adopted in this set of illustrative financial statements.
This publication includes the disclosures required by IFRS as published in the IFRS stable platform and those standards and interpretations published since then that are applicable for financial years beginning on or after 1 January 2005.
We have attempted to create a realistic set of financial statements for a corporate entity. Certain types of transaction have not been included, as they are not relevant to the Group’s operations. The example disclosures for some of these additional items have been included in Appendices III and IV. Other disclosure items and transactions have been included in other publications in the ‘Illustrative’ series. See inside front cover for details.
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