Viewpoint is our online resource for finance professionals worldwide. It covers financial reporting under IFRS, US GAAP and national GAAP. The example annual report that follows includes the financial statements of Typipens Pension Scheme, a United Kingdom Occupational Pension Scheme. The decision to sell an asset, or plans to discontinue the operation to which an asset belongs, are considered an impairment indicator, which triggers an impairment review.FRS 102 para 27.9(f) UK GAAP illustrative financial statements: FRS 102 and FRS 103 example general insurance group accounts (PwC) Model accounts available on request from the enquiry team Further model accounts are available through the online databases and print titles in the library collection. PwC – UK GAAP (FRS 102) illustrative financial statements for 2018 year ends 1001 Further guidance on the UK law and accounting requirements affecting companies’ financial statements is contained in PwC’s Manual of Accounting – UK GAAP. Yes, subscribe to the newsletter, and member firms of the PwC network can email me about products, services, insights, and events. Annual financial reporting 2020 Pages Directors' report 12 Auditor’s independence declaration 14 Financial statements 21 Statement of comprehensive income 24 Balance sheet 31 Statement of changes in equity 35 Statement of cash flows 38 Notes to the financial statements 41 1. [ FRS 102 para 9.2 ]. 1 of 3 Save and exit Continue Cancel Concentrating on the practical, the books provide reliable, up-to-date guidance on financial reporting and legal requirements along with hundreds of practical worked examples. Similar to IFRS, but FRS 102 states that a parent entity need only prepare consolidated financial statements under the Companies Act 2006 if it is a parent at the year end. FRS 102 does not have a ‘held for sale’ classification for non-current assets or groups of assets and liabilities. Statement of comprehensive income1 – by nature of expense 1p82, 81B, 85, Year ended 31 December 102, 113 Note 2019 2018 Income 1p82(a) Interest income 5 167 74 1p85 Interest from financial assets at fair value through profit or loss 5 780 475 IFRS9p5.7.1A Dividend income 1,538 1,055 1p85 Net foreign currency gains or losses on cash and cash equivalents2 27 (7) PwC | Illustrative annual report and financial statements Abbreviations FRS 102:34.27 = Financial Reporting Standard 102 (March 2018), ‘The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’, paragraph number General information 43 2. Our financial reporting guide, Financial statement presentation, details the financial statement presentation and disclosure requirements for common balance sheet and income statement accounts.It also discusses the appropriate classification of transactions in the statement of cash flows, and addresses the requirements related to the statements of stockholders’ equity and other … PwC's Manuals of accounting provide practical guidance on financial reporting. An online tool, it allows you access to the latest financial reporting information wherever you are, 24 hours a day, seven days a week. Illustrative condensed interim financial statements 2020 ; Illustrative condensed interim financial statements 2019 ; IFRS talks ; ... (FRS 102) Definition ... the financial statements are stated in terms of the measuring unit current at the balance sheet date.