www.IFRSbox.

com Example 1 - Materiality and Aggregation IAS 1

Trial balance for JBC, plc. for the year ended 31/12/20X4

Separate
Acc # Euro Aggregation Line in the I/S
presentation
501.100 Stationery and Printing 2,540.00 - 2,540.00 H
501.200 Cleaning and maintenance material 1,780.00 - 1,780.00 H
501.300 Magazines & Books 4,850.00 - 4,850.00 H
501.400 Promotion material 6,899.00 - 6,899.00 H
502.100 Energy consumption 12,000.00 - 12,000.00 H
504.100 Cost of sales 1,287,963.00 1,287,963.00 - C
511.100 Repais and maintenance 5,400.00 - 5,400.00 I
512.100 Travel expenses 22,500.00 - 22,500.00 I
513.100 Refreshments 20,555.00 - 20,555.00 I
518.001 Postage 1,500.00 - 1,500.00 I
518.100 Telephone 8,500.00 - 8,500.00 I
518.110 Rent of offices 200,000.00 200,000.00 - F
518.200 Consultation fees 100,000.00 100,000.00 - G
518.300 Accounting services, audit fees 10,000.00 - 10,000.00 I
521.100 Salaries and wages 400,000.00 400,000.00 - D
524.100 Social charges related to salaries 100,000.00 100,000.00 - E
548.100 Insurance 4,000.00 - 4,000.00 K
548.200 Other operating expenses 13,000.00 - 13,000.00 K
551.100 Depreciation - vehicles 12,000.00 - 12,000.00 J
551.200 Depreciation - hardware 9,000.00 - 9,000.00 J
551.300 Depreciation - furniture 8,000.00 - 8,000.00 J
551.400 Depreciation - other fixed assets 5,000.00 - 5,000.00 J
562.100 Interest paid 640.00 - 640.00 L
568.100 Bank fees, other financial charges 500.00 - 500.00 L
591.100 Income tax 45,000.00 45,000.00 - M
602.100 Revenue: Support services ( 400,000.00) ( 400,000.00) - B
604.100 Revenues from sales of goods ( 2,325,553.00) ( 2,325,553.00) - A
662.100 Interest received ( 150.00) - ( 150.00) L

Net income ( 444,076.00)

( 44,407.60)

JBC, plc. - Individual profit or loss statement for the year ended 31/12/20X4

Euro
A Revenues from sales of goods 2,325,553.00
B Revenues from support services 400,000.00
Total revenue 2,725,553.00

C Costs of goods sold 1,287,963.00

D Salaries and wages 400,000.00
E Social charges related to salaries 100,000.00
F Rent of offices 200,000.00
G Consultation fees 100,000.00
H Consumables and energy 28,069.00
I Services consumed 68,455.00
J Depreciation 34,000.00
K Other operating expenses 17,000.00
Total operating expenses 2,235,487.00

Profit from operations 490,066.00

L Finance cost 990.00

Profit before tax 489,076.00

M Income tax expense 45,000.00

Profit for the year 444,076.00

( 44,407.60)
www.IFRSbox.com Example 2 - Comparatives IAS 1

JBC, plc. - Individual Profit or Loss Statement for the year ended 31/12/20X3

Euro
A Revenues from sales of goods 1,850,000.00
B Revenues from support services 290,000.00
Total revenue 2,140,000.00

C Costs of goods sold 1,050,000.00

D Salaries and wages 330,000.00
E Social charges related to salaries 80,000.00
F Rent of offices 142,000.00
H Consumables and energy 27,000.00
I Services consumed 74,000.00 includes consultation services - EUR 12 000,00
J Depreciation 33,000.00
K Other operating expenses 15,000.00
Total operating expenses 1,751,000.00

Profit from operations 389,000.00

L Finance cost 800.00

Profit before tax 388,200.00

M Income tax expense 20,000.00

Profit for the period 368,200.00

JBC, plc. - Individual Profit or Loss Statement for the year ended 31/12/20X4
(all figures presented in EUR)

20X4 20X3
A Revenues from sales of goods 2,325,553.00 1,850,000.00
B Revenues from support services 400,000.00 290,000.00
Total revenue 2,725,553.00 2,140,000.00

C Costs of goods sold 1,287,963.00 1,050,000.00

D Salaries and wages 400,000.00 330,000.00
E Social charges related to salaries 100,000.00 80,000.00
F Rent of offices 200,000.00 142,000.00
G Consultation fees 100,000.00 12,000.00
H Consumables and energy 28,069.00 27,000.00
I Services consumed 68,455.00 62,000.00
J Depreciation 34,000.00 33,000.00
K Other operating expenses 17,000.00 15,000.00
Total operating expenses 2,235,487.00 1,751,000.00

Profit from operations 490,066.00 389,000.00

L Finance cost 990.00 800.00

Profit before tax 489,076.00 388,200.00

M Income tax expense 45,000.00 20,000.00

Profit for the period 444,076.00 368,200.00

www.IFRSbox.com Example 3 - Statement of Financial Position IAS 1

JBC Group - Statement of Financial Position at 31 December 20X4

(in thousands EUR)
20X4 20X3
ASSETS
Non-current assets
Property, plant and equipment 578,655.00 594,033.00
Investment property 0.00 0.00
Goodwill 133,320.00 150,480.00
Intangible assets 375,326.00 375,326.00
Investments in associates 165,248.00 182,771.00
Deferred income tax assets 10,000.00 8,000.00
Available-for-sale financial assets 235,125.00 257,400.00
Biological assets 0.00 0.00
A Total non-current assets 1,497,674.00 1,568,010.00
Current assets
Inventories 223,130.00 218,625.00
Trade and other receivables 151,140.00 182,820.00
Prepayments 42,323.00 20,691.00
Cash and cash equivalents 515,460.00 532,785.00
Total assets classified as held for sale 0.00 0.00
Current income tax assets 0.00 0.00
B Total current assets 932,053.00 954,921.00
A+B TOTAL ASSETS 2,429,727.00 2,522,931.00

EQUITY AND LIABILITIES

Equity attributable to owners of parent
Ordinary shares 1,072,500.00 990,000.00
Share premium 1,300.00 1,100.00
Retained earnings 400,785.00 265,485.00
Other components of equity 17,820.00 36,300.00
E Total equity before non-controlling interest 1,492,405.00 1,292,885.00
F Non-controlling interest 115,583.00 80,190.00
G=E+F Total equity 1,607,988.00 1,373,075.00
Non-current liabilities
Borrowings 198,000.00 264,000.00
Deferred income tax liabilities 57,520.00 50,966.00
Retirement benefit obligations 47,603.00 86,196.00
H Total non-current liabilities 303,123.00 401,162.00
Current liabilities
Trade and other payables 188,616.00 308,474.00
Short-term borrowings 264,000.00 363,000.00
Current income tax liabilities 57,750.00 69,300.00
Liabilities included in disposal groups 0.00 0.00
Provisions to other liabilities and charges 8,250.00 7,920.00
I Total current liabilities 518,616.00 748,694.00
J=H+I Total liabilities 821,739.00 1,149,856.00
G+J TOTAL EQUITY AND LIABILITIES 2,429,727.00 2,522,931.00
www.IFRSbox.com Example 4 - Statement of Profit or Loss and Other Comprehensive Income IAS 1

JBC Group - Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 20X4
(in thousands EUR)

20X4 20X3
PROFIT:
Revenues 643,500.00 585,750.00
Cost of sales ( 404,250.00) ( 379,500.00)
Gross profit 239,250.00 206,250.00
Other income 34,101.00 18,645.00
Distribution costs ( 14,850.00) ( 14,355.00)
Administrative expenses ( 33,000.00) ( 34,650.00)
Other expenses ( 3,465.00) ( 1,980.00)
Profit from operations 222,036.00 173,910.00
Finance cost ( 13,200.00) ( 12,375.00)
Share of profit of associates 57,915.00 49,665.00
Profit before tax 266,751.00### 211,200.00
Income tax expense ( 66,688.00) ( 52,800.00)
Profit for the year from continuing operations 200,063.00 158,400.00
Loss for the year from discontinued operations - ( 50,325.00)
AA Profit for the year 200,063.00 108,075.00

OTHER COMPREHENSIVE INCOME:

Available-for-sale financial assets ( 31,899.00) 55,001.00
Actuarial gains (losses) on defined benefit pension plan ( 1,101.00) 2,199.00
Gains on property revaluation 1,539.00 5,556.00
Share of other comprehensive income of associates 660.00 ( 1,155.00)
Income tax relating to component of other comprehensive
income 7,701.00 ( 15,401.00)
BB Other comprehensive income for the year, net of tax ( 23,100.00) 46,200.00

TOTAL COMPREHENSIVE INCOME FOR THE YEAR: 176,963.00 154,275.00

Profit attributable to:

Owners of the parent 160,050.00 86,460.00
Non-controlling interest 40,013.00 21,615.00
AA Total profit: 200,063.00 108,075.00

Total comprehensive income attributable to:

Owners of the parent 141,570.00 123,420.00
Non-controlling interest 35,393.00 30,855.00
AA+BB Total comprehensive income: 176,963.00 154,275.00

Earnings per share (in EUR): 0.76 0.50

www.IFRSbox.com Example 5 - Statement of Changes in Equity IAS 1

JBC Group - Statement of Changes in Equity for the year ended 31 December 20X4
(in thousands EUR)

Total before
Non-
Share Share Retained Revaluation Reval. non-
controlling Total equity
capital premium earnings of AFS assets surplus controlling
interest
interest
Balance at 1 Jan 20X3 990,000 1,100 194,865 ( 660) - 1,185,305 49,170 1,234,475
Comparatives

Changes in accounting policy 660 660 165 825

Restated balance A
20X3

990,000 1,100 195,525 ( 660) - 1,185,965 49,335 1,235,300

Changes in equity for 20X3:

Dividends paid ( 16,500) ( 16,500) - ( 16,500) B
TCI for the year 86,460 34,320 2,640 123,420 30,855 154,275
Balance at 31 Dec 20X3: 990,000 1,100 265,485 33,660 2,640 1,292,885 80,190 1,373,075 C=A+B
Current year

Changes in equity for 20X4:

Issue of shares
20X4

82,500 200 82,700 82,700

Dividends paid ( 24,750) ( 24,750) ( 24,750) D
TCI for the year 160,050 ( 19,800) 1,320 141,570 35,393 176,963
Balance at 31 Dec 20X4: 1,072,500 1,300 400,785 13,860 3,960 1,492,405 115,583 1,607,988 E=C+D

AA BB CC=AA+BB
E=C
 www.IFRSbox.com Example 5 - Statement of Changes in Equity IAS 1

C=A+B

E=C+D
www.IFRSbox.com Example 6 - Cross-referencing IAS 1

JBC Group - Statement of Financial Position at 31 December 20X4

(in thousands EUR)
Note 20X4 20X3
ASSETS
Non-current assets
Property, plant and equipment 4 578,655.00 594,033.00
Goodwill 5 133,320.00 150,480.00
Intangible assets 5 375,326.00 375,326.00
Investments in associates 7 165,248.00 182,771.00
Deferred income tax assets 17 10,000.00 8,000.00
Available-for-sale financial assets 8 235,125.00 257,400.00
A Total non-current assets 1,497,674.00 1,568,010.00
Current assets
Inventories 9 223,130.00 218,625.00
Trade and other receivables 10 151,140.00 182,820.00
Prepayments 10 42,323.00 20,691.00
Cash and cash equivalents 11 515,460.00 532,785.00
B Total current assets 932,053.00 954,921.00
A+B TOTAL ASSETS 2,429,727.00 2,522,931.00

EQUITY AND LIABILITIES

Equity attributable to owners of parent
Ordinary shares 12 1,072,500.00 990,000.00
Share premium 12 1,300.00 1,100.00
Retained earnings 12 400,785.00 265,485.00
Other components of equity 12 17,820.00 36,300.00
E Total equity before non-controlling interest 1,492,405.00 1,292,885.00
F Non-controlling interest 12 115,583.00 80,190.00
G=E+F Total equity 1,607,988.00 1,373,075.00
Non-current liabilities
Borrowings 13 198,000.00 264,000.00
Deferred income tax liabilities 17 57,520.00 50,966.00
Retirement benefit obligations 14 47,603.00 86,196.00
H Total non-current liabilities 303,123.00 401,162.00
Current liabilities
Trade and other payables 15 188,616.00 308,474.00
Short-term borrowings 13 264,000.00 363,000.00
Current income tax liabilities 17 57,750.00 69,300.00
Provisions to other liabilities and charges 16 8,250.00 7,920.00
I Total current liabilities 518,616.00 748,694.00
J=H+I Total liabilities 821,739.00 1,149,856.00
G+J TOTAL EQUITY AND LIABILITIES 2,429,727.00 2,522,931.00