IFRS | Example Consolidated Financial Statements 2025

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IFRS | Example Consolidated Financial Statements 2025

Insights

Published on October 20, 2025

• 1 min read

Grant Thornton International has published the 2025 version of IFRS Example Consolidated Financial Statements (hereafter the “Example Consolidated Financial Statements”).

The Example Consolidated Financial Statements are based on the activities and results of the illustrative corporation and its subsidiaries – a fictional consulting, service and retail entity which has been preparing IFRS Accounting Standards consolidated financial statements for several years. The form and content of IFRS financial statements will always depend on the activities and transactions of the reporting entity.

The Example Consolidated Financial Statements have been updated to reflect changes in IFRS Accounting Standards that are effective for the year ending December 31, 2025. No account has been taken of any new developments published after August 31, 2025.

In particular, this year at the date of the issue of this publication, the IASB has moved forward with its Exposure Draft that proposed eight examples illustrating how an entity applies IFRS Accounting Standards to report the effects of climate-related and other uncertainties in its financial statements, incorporating limited changes based on stakeholder feedback and in July 2025 issuing near-final illustrative examples on reporting uncertainties.

The IASB expects to issue the final illustrative examples in October 2025, and we encourage entities to pay close attention to them. By issuing an early near-final version of the examples, the IASB is aiming to ensure timely and informed application. The Example Consolidated Financial Statements do not aim to provide exhaustive illustrative guidance on how climate-related matters could impact the preparation of financial statements and disclosures.

Adviser Alert | Example Consolidated Financial Statements 2025

Download the document Adviser_Alert_Example_Annual_Consolidated_FS_2025_F_P

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