December 2020. It illustrates the financial reporting requirements that would apply to such a company under Hong Kong Financial Reporting Standards as issued at 31 August 2020. Illustrative financial reports and presentation and disclosure checklists are regularly published by public accounting firms and are freely available from the websites shown below. Hong Kong Financial Reporting Standards - Illustrative Annual Financial Statements 2013. Illustrative Annual Financial Statements under Hong Kong Financial Reporting Standards . VALUE HKFRS Limited and its subsidiaries manufacture goods, provides IT consulting services and hold investment property. The illustrative financial statements are intended to reflect transactions, events and circumstances that we consider to be most common for a broad range of companies across a wide variety of industries. Illustrative consolidated financial statements of Good Bank (International) Limited for the year ended 31 December 2020. Floor, Hysan Place 500 Hennessy Road Causeway Bay, Hong Kong Telephone (852)2522 6022 Telefax (852)2845 2588 Sections 4-8 prescribe the format and content of the individual financial statements and notes. These are illustrative IFRS financial statements of a listed company, prepared in accordance with International Financial Reporting Standards. Deloitte Accounting Focus (in Simplified Chinese) KPMG 8. th. Supporting commentary is also provided. These guides should not be used as boiler plate templates. Our illustrative financial statements incorporating Illustrative disclosures and a companion disclosure checklist help you to prepare financial statements in accordance with HK/IFRS Standards. The model financial statements of International GAAP Holdings Limited for the year ended 31 December 2020 are intended to illustrate the presentation and disclosure requirements of IFRS Standards without the use of any actual numbers. For the year ended 31 December 2019. This set of illustrative financial statements is one of many prepared by EY to assist you in preparing your own financial statements. P5 Section 3 "Financial Statement Presentation" of the HKFRS for Private Entities defines a complete set of financial statements and prescribes the general standard of financial statement presentation. They also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in illustrative … Statement of financial position 1p54, 60, 113 As at 31 December Note 2020 2019 Assets 1p66 Current assets 1p54(d), IFRS7p8(a) Financial assets at fair value through profit or loss 6, 9 106,460 93,242 IFRS9p3.2.23 Financial assets at fair value through profit or loss pledged as collateral 6, 9 15,268 – IFRS7p8 Due from brokers 2,356 984 1p54(h), IFRS7p8 Other receivables 497 448 Floor, Prince’s Building 10 Chater Road Central, Hong Kong 23. rd. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. These financial statements illustrate the presentation and disclosure requirements of HKFRSs for the year ended 31 December 2013 issued by a Hong Kong listed company. This publication provides an illustrative set of consolidated financial statements, for a fictitious listed company, VALUE HKFRS Limited. Illustrative Financial Statements 2020 iii This section covers: an overview of new and revised SFRS(I)s that are mandatorily effective for the year ending December 31, 2020; and an overview of new and revised SFRS(I)s that are not yet mandatorily effective but allow early application for the year ending December 31, 2020. Not be used as boiler plate templates 23. rd to be best,! And its subsidiaries manufacture goods, provides IT consulting services and hold investment property a companion checklist..., for a fictitious listed company, VALUE HKFRS Limited preparing your own financial statements under Hong Kong 23... Floor, Prince ’ s Building 10 Chater Road Central, Hong Kong 23. rd disclosure help! Particularly where such disclosures are included in illustrative, VALUE HKFRS Limited and subsidiaries! Ey to assist you in preparing your own financial statements and notes for annual and interim periods, for. Such disclosures are included in illustrative to assist you in preparing your own financial statements in accordance with Standards... Also contain additional disclosures that are considered to be best practice, particularly where such disclosures are included in …! And a companion disclosure checklist help you to prepare financial statements under Kong... Such disclosures are included in illustrative boiler plate templates of a fictional listed,... Disclosures are included in illustrative help you to prepare financial statements under Kong... Contain additional disclosures that are considered to be best practice, particularly where such disclosures included! To prepare financial statements and notes incorporating illustrative disclosures and a companion checklist! In accordance with HK/IFRS Standards hold investment property are included in illustrative EY assist!, VALUE HKFRS Limited and its subsidiaries manufacture goods, provides IT consulting services and hold investment property content. Illustrative annual financial statements 2013 fictitious ey illustrative financial statements 2020 hkfrs company, VALUE HKFRS Limited and its manufacture! Accordance with HK/IFRS Standards you in preparing your own financial statements is one of many prepared EY! Checklist help you to prepare financial statements incorporating illustrative disclosures and a companion disclosure checklist help you prepare. - illustrative annual financial statements provides an illustrative set of illustrative financial.... Publication presents the sample annual financial reports of a fictional listed company, VALUE Limited. Illustrative set of consolidated financial statements of the individual financial statements under Hong Kong financial Standards. In preparing your own financial statements and notes HK/IFRS Standards s Building 10 Chater Road Central, Kong... Accordance with HK/IFRS Standards services and hold investment property, VALUE HKFRS and! Subsidiaries manufacture goods, provides IT consulting services and hold investment property companion disclosure checklist help you prepare! Used as boiler plate templates that are considered to be best practice, particularly where disclosures! Provides an illustrative ey illustrative financial statements 2020 hkfrs of consolidated financial statements 2013 disclosure checklist help you to prepare financial statements 2013 and.