To assist banks in preparing their financial statements under IFRS, EY has prepared a practical working model of consolidated financial statements in accordance with IFRS in issue at 30 September. The statements are presented as the full consolidated financial statements of Good Bank (International) Limited and its subsidiaries for the year ended 31 December 2018. The publication includes illustrative disclosures under IFRS 7R, highlighting the impact of IFRS 9 Financial Instruments and the new hedge accounting disclosures for banks opting to continue to apply hedge accounting under IAS 39 Financial Instruments: Recognition and Measurement when adopting IFRS 9.
If you would like to discuss any of the elements within the model, please don’t hesitate to get in touch with myself or your EY contact.
