IFRS Example Consolidated Financial Statements 2025

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A Practical Resource for Finance Professionals

Preparing financial statements in accordance with International Financial Reporting Standards (IFRS) continues to be a complex and evolving process. Each year, new standards, amendments, and disclosure requirements are introduced by the International Accounting Standards Board (IASB), requiring organizations to stay informed and adapt their financial reporting practices accordingly.

To support finance professionals, Grant Thornton has published the IFRS Example Consolidated Financial Statements 2025, a practical resource designed to illustrate the application of IFRS requirements in a real-world reporting environment.

A Practical Guide to IFRS Reporting

The publication is based on the fictional "Illustrative Corporation Group," a consulting, service, and retail organization that prepares consolidated financial statements under IFRS. Through realistic examples and disclosures, the guide demonstrates how IFRS requirements can be applied in practice.

While every organization has unique circumstances, the publication provides valuable insight into common reporting challenges and disclosure considerations faced across a broad range of industries.

Spotlight on IFRS 18

A key addition to this year's publication is Appendix E, which highlights the impact of IFRS 18 Presentation and Disclosure in Financial Statements.

Issued by the IASB in April 2024, IFRS 18 will replace IAS 1 Presentation of Financial Statements and introduces significant changes to how financial performance is presented and disclosed. The appendix includes illustrative examples of:

The statement of profit or loss under IFRS 18
The statement of cash flows
Transition disclosures
Management-defined performance measures (MPMs)
New disclosures of specified expenses by nature
These examples provide organizations with an early look at how financial statements may need to evolve as IFRS 18 becomes effective.

Supporting High-Quality Financial Reporting

At Grant Thornton, we understand the challenges organizations face in keeping pace with changing accounting standards. Resources such as the IFRS Example Consolidated Financial Statements 2025 help finance teams, management, and stakeholders better understand evolving reporting requirements and support the preparation of high-quality financial statements.

Whether you are preparing annual financial statements, assessing disclosure requirements, or evaluating the impact of IFRS 18, this publication serves as a valuable reference tool.

Download the Publication

Access your complimentary IFRS resources by completing the form below. Download the IFRS Example Consolidated Financial Statements 2025 and Appendix E to explore practical examples and guidance on the latest IFRS reporting requirements.