The way companies communicate their financial performance is set to change under IFRS 18 Presentation and Disclosure in Financial Statements. The standard is effective from 1 January 2027, can be early adopted and will have an impact on all companies.
IFRS 18 will have a pervasive impact on presentation and disclosure in the financial statements as it:
- introduces a more structured income statement;
- brings management-defined performance measures into the audited financial statements; and
- enhances how information is grouped and labelled in the financial statements.
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Our new Illustrative disclosures guide illustrates initial application of IFRS 18.
If you are not yet applying IFRS 18, see our Guides to financial statements page for illustration of currently effective IFRS Accounting Standards, including IAS 1 Presentation of Financial Statements.
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