暫時(shí)的財(cái)務(wù)報(bào)表(1)

1、暫時(shí)的財(cái)務(wù)報(bào)表 (1)FRS 34FINANCIALREPORTING STANDARDInterim Financial ReportingFRS 34 Interim Financial Reportingwas issued by the CCDG in January 2003 and consequentialamendments were made in July and September 2004.This Standard is operative for financial statements covering periods beginning on or after

2、1st October 2001.OBJECTIVESCOPEContentsParagraphs 1 - 3DEFINITIONSCONTENT OF AN INTERIM FINANCIAL REPORTMinimum Components of an Interim Financial ReportForm and Content of Interim Financial StatementsSelected Explanatory NotesDisclosure of Compliance with FRSPeriods for which Interim Financial Stat

3、ements areRequired to be PresentedMaterialityDISCLOSURE IN ANNUAL FINANCIAL STATEMENTSRECOGNITION AND MEASUREMENTSame Accounting Policies as AnnualRevenues Received Seasonally, Cyclically, or OccasionallyCosts Incurred Unevenly during the Financial YearApplying the Recognition and Measurement Princi

4、plesUse of EstimatesRESTATEMENT OF PREVIOUSLY REPORTEDINTERIM PERIODSEFFECTIVE DATEAPPENDICESA. Illustration of Periods Required to Be PresentedB. Examples of Applying the Recognition and Measurement PrinciplesC. Examples of the Use of Estimates5 2589 1415 181920232628283741 22 25 27 42 36 383940 42

5、43 4546Financial Reporting Standard 34Interim Financial Reporting (FRS 34) is set out in paragraphs1-46. All the paragraphs have equal authority.FRS 34 should be read in the context of itsobjective, the Preface to the Financial Reporting Standards and the Framework for the Preparation and Presentati

6、on of Financial Statements. FRS 8 Accounting Policies, Changes inAccounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance.FINANCIAL REPORTING STANDARD FRS 34Interim Financial ReportingObjectiveof an interim financialorThe obj

7、ective of this Standard is to prescribe the minimum content report and to prescribe the principles for recognition and measurement in complete condensed financial statements for an interim period. Timely and reliable interim financial reporting improves the ability of investors, creditors, and other

8、s to understand an enterprises capacity to generate earnings and cash flows and its financial condition and liquidity.Scope1. This Standard does not mandate which enterprises should be required to publish interim financial reports, how frequently, or how soon after the end of an interim period. gove

9、rnments, securities regulators, stock exchanges, and accountancy require enterprises whose debt or equity securities are publicly traded to publish interim financial reports.This Standard applies if an enterprise is required or elects to publish aninterim financial report in accordance with Financia

10、l Reporting Standards. Corporate Disclosure and Governance encourages publicly traded enterprises to provide interim financial reports that conform to the recognition, measurement, principles set out in this Standard. Specifically, publicly traded enterprises are encouraged:However, bodies oftenThe

11、Council onand disclosure(a)to provide interim financial reports at least as of the end of the financial year; andfirst half of their(b)to make their interim financial reports available not later than 60 days after the end of the interim period.2. Each financial report, annual or interim, is evaluate

12、d on its own for conformity to Financial Reporting Standards.The fact that an enterprise may not have provided interim financialreports during a particular financial year or may have provided interim financial reports that do not comply with this Standard does not prevent the enterprises annual stat

13、ements from conforming to Financial Reporting Standards if they otherwise do so.financial3. If an enterprises interim financial report is described as complying with Reporting Standards, it must comply with all of the requirements of this Paragraph 19 requires certain disclosures in that regard.Fina

14、ncialStandard.Definitions4. The following terms are used in this Standard with the meanings specified:Interim period is a financial reporting period shorter than a full financial year.Interim financial report means a financial report containing either a complete set of financial statements (as descr

15、ibed in FRS 1, Presentation of Financial Statements) or a set of condensed financial statements (as described in this Standard) for an interim period.Content of an Interim Financial Report5.FRS 1 defines a complete set of financial statements as including the following components:(a)a balance sheet;

16、6.7.(b)(c)(d)(e)an income statement;a statement of changes in equity showing either:(i)(ii)all changes in equity orchanges in equity other than those arising from transactions holders acting in their capacity as equity holders;a cash flow statement; andnotes, comprising a summary of significant acco

17、unting policies explanatory notes.In the interest of timeliness and cost considerations and to avoid repetition of information previously information Standard condensed report is statements.reported, an enterprise may be required to or may elect to at interim dates as compared with its annual financ

18、ial defines the minimum content of an interim financial financial statements and selected explanatory notes. intended to provide an update on the latest complete Accordingly, it focuses on new activities, events,does not duplicate information previously reported.withandequityprovide statements.repor

19、t as includ The interim set of annual and circumstancestherlessThis ing financial financialandNothing in this Standard is intended to prohibit or discourage an enterprise from publishing a complete set of financial statements (as described in FRS 1) in its interim financial report, rather than conde

20、nsed financial statements and selected explanatory notes.Nor does thStandard prohibit or discourage an enterprise from including in condensed inte financial statements more than the minimum line items or selected explanatory notes as set out in this Standard.The recognition and measurement guidance

21、in this Standard appliesalso to complete financial statements include all of the disclosures disclosures in paragraph Standards.isrimfor an interim period, and such statements required by this Standard (particularly the selected 16) as well as those required by other Financial ReportiwouldnotengMini

22、mum Components of an Interim Financial Report8. An interim financial report should include, at a minimum, the following components:(a)condensed balance sheet;(b)condensed income statement;(c) condensed statement showing either (i) all changes in equity or (ii) changes in equity other than those aris

23、ing from capital transactions with owners and distributions to owners;(d)condensed cash flow statement; and(e)selected explanatory notes.Form and Content of Interim Financial Statements2.13.If an enterprise publishes a complete set of financial statements in its interim financial report, th

24、e formand content of those statements should conform to the requirements ofFRS 1 for a complete set of financial statements.If an enterprise publishes a set of condensed financial statements in its interim financial report, those condensed statements should include, at a minimum, each of the heading

25、s and subtotals that were included in its most recent annual financial statements selected explanatory notes as required by this Standard. Additional line items should be included if their omission would make the condensed interim statements misleading.Basic and diluted earnings per share should sta

26、tement, complete or condensed, for an interim period.FRS 1 provides guidance on the structure of Guidance for FRS 1 illustrates ways in whichstatement of changes in equity may be presented.andtheor notes financialbe presentedon the faceof an incomefinancial statements.the balance sheet,The Implement

27、ationincome statementandFRS 1 requires a statement of changes in equity to be presented as a separate component of an entity s financial statements, and permits information about changes in equity arising from transactions with equity holders acting in their capacity as equity holders (including dis

28、tributions to equity holders) to be shown either on the face of the statement or in the notes. An entity follows the same format in its interim statement of changes in equity as it did in its most recent annual statement.14. An interim financial report is prepared on a consolidated basis if the ente

29、rprises mostrecent annual financial statements were consolidated statements.The parents separatefinancial statements are not consistent or comparable with the consolidated statements in the most recent annual financial report.If an enterprises annual financial report includedthe parents separate fin

30、ancial statements in addition to consolidated financial statements, this Standard neither requires nor prohibits the inclusion of the parents separate statements in the enterprises interim financial report.Selected Explanatory Notes15.A user of an enterprises interim financial report will also have

31、access to the most recentannual financial report of that enterprise.It is unnecessary, therefore, for the notes to aninterim financial report to provide relatively insignificant updates to the information was already reported in the notes in the most recent annual report. At an interim date, explana

32、tion of events and transactions that are significant to an understanding changes in financial position and performance of the enterprise since the last reporting date is more useful.thatan of the annualstatements, if material and if not disclosed elsewhere in the The information should normally be r

33、eported on a financial year-to-date the enterprise should also disclose any events or transactions that areinterim16. An enterprise should include the following information, as a minimum, in the notes to its interim financial financial report. basis. However, material to an understanding of the curr

34、ent interim period:(a) a statement that the same accounting policies and methods of computation are followed in the interim financial statements as compared with the most recent annual financial statements or, if those policies or methods have been changed, a description of the nature and effect of

35、the change;(b)(c)(d)(e)explanatory comments about the seasonality or cyclicality of interim operations;the nature and amount of items affecting assets, liabilities, equity, net income, or cash flows that are unusual because of their nature, size, or incidence;the nature and amount of changes in esti

36、mates of amounts reported in prior interim periods of the current financial year or changes in estimates of amounts reported in prior financial years, if those changes have a material effect in the current interim period;issuances, repurchases, and repayments of debt and equity securities;17.(f)(g)(

37、h)(i)(j)dividends shares;paid (aggregate or per share) separately for ordinary shares and otherresult for is the enterprises of segment data is required in an enterprisesrevenue and segment whicheverbusiness segments or geographic primary basis of segment reporti interim financialsegment segments, (

38、disclosure only if FRS 14 Segment Reporting requires that enterprise to disclose segment data in its annual financial statements);material events subsequent to the end of the interim period reflected in the financial statements for the interim period;the effect of changes in the composition of the e

39、ntity during including business combinations, acquisition or disposalalngreportthat have not bthe interim of subsidiaries long-term investments, restructurings, and discontinued operations. In the case of business combinations, the entity shall disclose the information required disclosed under parag

40、raphs 66-73 of FRS 103Business Combinations ; andchanges in contingent liabilities or contingent assets since the last annual balance sheet date.Examples of the kinds of disclosures that are required by paragraph 16 are set out below. Individual Standards and Interpretations provide guidance regardi

41、ng disclosures for many of these items:(a)the write-down of inventories to net realisable value and the reversal of write-down;eenperiod,andtobesuc(b)recognition of a loss from the impairment of property, plant, and equipme intangible assets, or other assets, and the reversal of such an impairment l

42、oss;nt,(c)the reversal of any provisions for the costs of restructuring;(d) acquisitions and disposals of items of property, plant, and equipment;(e) commitments for the purchase of property, plant, and equipment;(f) litigation settlements;18.(g)corrections of prior period errors;(h)deleted;(i)any l

43、oan default or breach of a loan agreement that has not been remedied on orbefore the balance sheet date; and(j) related party transactions.Other Standards specify disclosures that shouldbe made in financial statements. In thatcontext, financial statements means complete sets of financial statements

44、of normally included in an annual financial report and sometimes included in other reports. Except as required by paragraph 16(i), the disclosures required by those other Standards are not required if an entity isn terim financial report includes only condensed statements and selected explanatory no

45、tes rather than a complete set of statements.theialfinan20.(a)(b)(c)(d)current financial year to year-to-date period of thedate, with a immediately21.For an enterprise whose business is highly seasonal, financial information for the twelve months ending on the interim reporting date and comparative

46、information fortwelve-month period may be useful. Accordingly,enterprises whose businessthe prior is highlyDisclosure of Compliance with FRS19. If an enterprises interim financial report is in compliance with this Financial ReportingStandard, that fact should be disclosed. An interim financial repor

47、t should not be described as complying with Financial Reporting Standards unless it complies with all ofthe requirements of each applicable Standard and each applicable Interpretation of the Financial Reporting Standard.Periods for which Interim Financial Statements are Required to be PresentedInter

48、im reports should include interim financial statements (condensed or complete) for periods as follows:balance sheet as of the end of the current interim period and a comparative balance sheet as of the end of the immediately preceding financial year;income statements for the current interim period a

49、nd cumulatively for the currentfinancial year to date, with comparative income statements for the comparable interim periods (current and year-to-date) of the immediately preceding financial year;statement showing changes in equity cumulatively for the current financial year todate, with a comparati

50、ve statement for the comparable year-to-date period of the immediately preceding financial year; andcash flow statement cumulatively for the comparative statement for the comparable preceding financial year.seasonal are encouraged to consider reporting such information in addition to the information

51、 called for in the preceding paragraph.22. Appendix A illustrates the periods required to be presented by an enterprise that reports half-yearly and an enterprise that reports quarterly.Materiality23.In deciding how to recognise, measure, classify, or disclose an item for interim financial reporting

52、 purposes, materiality should be assessed in relation to the interim period financial data.In making assessments of materiality, it should be recognised that interimmeasurements may rely on estimates to a greater extent than measurements of annualfinancial data.24. FRS 1 Presentation of Financial Ac

53、counting Estimates and Errors could influence the economicrequires separate disclosureStatements and FRS 8 Accounting Policies, Changes in define an item as material if its omission or misstatement decisions of users of the financial statements. FRS 1 of material items, including (for example) disco

54、ntinuedoperations, and FRS 8 requires disclosure of changes in accounting estimates, errors and changes in accounting policies.The two Standards do not contain quantified guidance asto materiality.25. While judgement is always required in assessing materiality, this Standard bases the recognition an

55、d disclosure decision on data for the interim period by itself for reasons of understandabilityof the interim figures. Thus, for example, unusual items, changes inaccounting policies or estimates, and errors are recognised and disclosed on the basis of materiality in relation to interim period data

56、to avoid misleading inferences that might result from non-disclosure. The overriding goal is to ensure that an interim financial report includes all information that is relevant to understanding an entitys financial position and performance during the interim period.Disclosure in Annual Financial Statementsshouldbe26. If an estimate of an amount reported in an interim period is changed significantly during the final interim period of the financial year but a separate financial report is not publis