IAS 1 Presentation of Financial Statements

IAS 1 sets out overall requirements for the presentation of Financial Statements guidelines for their structure and minimum requirements for their content. Purpose of Financial Statements The objective of financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. A complete set of financial statements comprises: a) A statement of financial position b) A statement of Income c) A statement of comprehensive income d) A statement of changes in equity e) A statement of cash flows f) Notes to the Financial Statements, including a note of accounting policies g) Certain elements of the reports of the executives

Management is encouraged to give narrative assessment of the entitys performance, current position and future prospects

XYZ Group Statement of Financial Position as at 31 December 2008 2008 $ 000 ASSETS Non-current assets Property, Plant and equipment Goodwill Other Intangible assets Investments in associates CURRENT ASSETS Inventories Trade Receivables Other Current Assets Cash and cash equivalents TOTAL ASSETS EQUITY AND LIABILITIES Share Capital Other Component of Equity Retained Earnings Non-controlling Interest NON-CURRENT LIABILITIES Long-term borrowings Deferred tax Long-term provisions Total non-current liabilities CURRENT LIABILITIES Trade and other payables Short term borrowings Current tax payable Short-term provisions Total current liabilities Total Liabilities Total Equity and liabilities XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX 2007 $ 000 XXX XXX XXX XXX XXX

XYZ Group Statement of Comprehensive Income for the year ended 31 December 2008 2008 $ 000 XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX 2007 $ 000 XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX (XXX) XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX XXX

Revenue Cost of Sales Gross Profit Other Income Distribution costs Administrative expenses Other expenses Profit from Operations Finance costs Share of profit of associates Profit before tax Income tax expenses Profit for the Year from Continuing Operations Loss for the Year from Discontinued Operations Profit for the year Other Comprehensive Income: Exchange differences in translating foreign Available-for-sale financial assets Cash flow hedges Gains on property revaluation Actuarial gains(losses) on defined benefit pensions plans Share of other comprehensive income of associates Income tax relating to components of other comprehensive income Other comprehensive income for the year, net of tax TOTAL COMPREHENSIVE INCOME FOR THE YEAR