The Grant Thornton International IFRS team has published Appendix B to the existing IFRS Example Interim Condensed Financial Statements 2026 (hereafter the “Interim Financial Statements”), which provides practical guidance on the application of IFRS 18.
This new Appendix B, which complements the Interim Financial Statements that GTI made available recently, provides practical guidance on the application of IFRS 18 Presentation and Disclosure in the Financial Statements (IFRS 18) and includes:
- Extracts from the Interim Financial Statements, including the consolidated statement of profit or loss and consolidated statement of cash flows, prepared as if the Group had early adopted IFRS 18 for the interim reporting period ended June 30, 2026;
- Illustrative transition disclosures, showing how entities might present reconciliations and comparative information when applying IFRS 18 retrospectively;
- Examples of new disclosure requirements, including:
- Management-defined performance measures (MPMs);
- Disclosures of specified expenses by nature when operating expenses are presented by function.
The appendix is designed to help preparers of IFRS financial statements understand the practical implications of IFRS 18 and to support planning for its mandatory application from January 1, 2027.
