Preparers of annual financial statements can use the sample financial statements to make their reporting process easier.
Start exploring this publication today to confidently update and refine your financial reports with ease and accuracy.
How this example guide helps you prepare your financial statement
How to use the publication
- First time users
- Recurring users
To make the most of these example financial statements, given Australia’s close alignment to IFRS Accounting Standards, they have been divided into two key sections:
- Section One – Australian Content: Highlights disclosure requirements specific to Australia and common alternative presentations, tailored to meet Australian regulations.
- Section Two – International Content: Features illustrative disclosures based on IFRS Accounting Standards, offering global best practices.
The example financial statements include clear cross-references between these sections, ensuring seamless navigation and making it simple to locate relevant information across both Australian-specific and international content.
Make the most of these example financial statements by visiting the following helpful pages within the document:
- What's New page: Summary of revised accounting standards and regulations since the previous edition, ensuring you are aware of all the latest updates.
- Resources page: Access a collection of guides and tools you might find useful in preparing your financial statements.
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- Annual
- Interim
- Previous editions
Example Public Annual Financial Report 2026–27
Guide to annual financial statements – Illustrative disclosures 2026–2027
Example Public Interim Financial Report 2026–27
Guide to interim reports – illustrative disclosures (April 2026)
Example Public
Guide to annual reports – Illustrative disclosures 2025–26 (March 2026 update)
Example Public
Guide to annual reports – Illustrative disclosures 2024–25 (April 2025 update)
Example Public
Guide to annual reports – Illustrative disclosures 2023–24 (July 2024 update)
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Financial reporting resources
KPMG's financial reporting specialists
- Kim Heng
- Patricia Stebbens
- Zuzana Paulech
Frequently asked questions (FAQs)
Significant judgements and estimates should be clearly disclosed in the notes to the financial statements, providing detailed explanations of the assumptions and methodologies used. Companies should describe the nature of the judgements and estimates, their potential impact on the financial statements, and any changes in assumptions or methodologies from prior periods.
This disclosure helps stakeholders understand the areas of financial reporting that are subject to significant uncertainty and the potential effects on the company's financial position and performance. Examples include revenue recognition, impairment tests, and the fair value of financial instruments.
Investors and regulators need to understand how climate-related risks and opportunities have affected and will affect a company’s financial position and performance. They expect a company’s financial statements and sustainability reporting to reflect the risks and opportunities it is facing and the strategic decisions it has made in transitioning to a low-carbon economy. They also expect the different elements of a company’s reporting to provide a coherent, connected, and integrated picture.
Visit our Sustainability and Climate Change | Financial reporting centre to help identify and address climate change impacts on your financial statements.
Disclosure of non-IFRS financial information should have regard to the requirements of ASIC Regulatory Guide 230 (RG 230) Disclosing non-IFRS financial information. Non-IFRS financial information should be clearly labelled and distinguished from IFRS financial measures, ensuring that it is not misleading. Companies should provide a reconciliation between non-IFRS and IFRS measures, explaining the reasons for using non-IFRS information and how it provides useful insights for stakeholders. Additionally, any adjustments or exclusions should be consistently applied and disclosed, providing transparency and comparability.
The Australian Federal Government introduced new tax transparency requirements for multinational groups through the Treasury Laws Amendments (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Act 2024 (the Act) in 2024 by amending the Corporations Act 2001. Under these requirements Australian public companies (listed and unlisted) must disclose information on each of their subsidiaries, including details on their tax residence, in their financial reports.
Minor clarifications to these disclosures were enacted subsequently through the Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 (the Amended Act) in late 2024. These updates apply to financial years commencing on or after 1 July 2024, i.e. annual financial reports ending 30 June 2025 and onwards.
The Amended Act clarified:
- Where an Australian tax resident is also a tax resident in another jurisdiction, required to disclose ALL foreign jurisdiction(s) tax residencies.
- ‘Australian resident’ is now defined for Partnership and Trust for the purpose of CEDS.
Read our Consolidated Entity Disclosure Statement (CEDS) web page for further information on the amendments and illustrative disclosure.
For these reporting periods, the applicable standards/amendments relate to:
ASIC rounding relief allows entities to round certain amounts presented in financial statements and directors’ reports. Where an entity applies the relief and rounds amounts, the relevant eligible report must state that the relevant entity is an entity to which the instrument applies and that amounts have been rounded off in accordance with this instrument.
ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2026/183 (the old instrument) has been replaced by ASIC Corporations (Annual and Half-year Reporting) Instrument 2026/468 (the new instrument). The new instrument is consistent with the old instrument.
Which rounding instrument applies?
- Financial years or half-years ending on or after 1 January 2027: apply the new instrument (ASIC Instrument 2026/468 (Part 2, Sections 10 and 11))
- Financial years or half-years ending on or before 31 December 2026: apply the old instrument (ASIC Instrument 2026/183).
What this means in practice
Most entities do not need to change their existing rounding practices. However, entities that apply ASIC rounding relief should ensure that the correct ASIC instrument is referenced in the financial statements and directors’ report, based on the relevant reporting period end date.