Growth
Good Bank (International) LimitedIllustrative consolidated financial statements for the year ended 31 December 2020
To assist banks in preparing their financial statements under International Financial Reporting Standards (IFRS), EY has released our latest edition of Good Bank, a set of illustrative consolidated financial statements intended to reflect transactions, events and circumstances that we consider to be most common in the banking industry.
This edition of Good Bank (International) Limited is prepared in accordance with IFRS in issue at 30 September 2020 and effective for annual periods beginning 1 January 2020. The illustrative disclosures have been written to reflect the specific circumstances of Good Bank and should not be used for the financial statements of other banks without extensive tailoring. For example, it is assumed that Good Bank does not provide finance leases and, therefore, the associated disclosures have not been made. Conversely, certain disclosures are made in these financial statements merely for illustrative purposes, even though they may relate to items or transactions that are not material for the Bank. It should be noted that the illustrative financial statements of the Bank are not designed to satisfy any stock market or country-specific regulatory requirements.
Standards issued, but not yet effective, as at 1 January 2020 are not illustrated in these financial statements, except for ‘Interest Rate Benchmark Reform – Phase 2 Amendments to IFRS 9, IAS 39 IFRS 7, IFRS 4 and IFRS 16’ which has been adopted early in this edition. We have also included additional commentary and considerations on Covid-19 disclosures in this edition.
Download the illustrative financial statements below and if you would like to discuss any of the elements within the model, please don’t hesitate to get in touch.
Growth
Good Bank (International) LimitedIllustrative consolidated financial statements for the year ended 31 December 2020