Essential (Differential) Limited

Here, at your fingertips, you can navigate around our 'model annual reports' with ease and download or print your own copy. Either way, you now have immediate access to a user-friendly guide that will help you prepare financial information and take your reporting to a higher, more transparent level. Gearing up for corporate reporting is so much easier when you have appropriate models to guide you. That's why we've developed Essential (Differential) Limited financial statements.

Financial Statements for the year ended 30 September 2009 - to be used by a qualifying entity reporting under New Zealand equivalents to International Financial Reporting Standards (‘NZ IFRS’).

This publication provides an illustrative set of Differential Reporting consolidated financial statements.

The financial statements are of a fictional company, Essential (Differential) Limited (‘the Group’), a qualifying company under the Framework for Differential Reporting. This model illustrates an annual report, prepared using the exemptions allowed by the Companies Act 1993. The financial statements and Group financial statements are prepared taking advantage of differential reporting concessions available under the Framework for Differential Reporting.

The illustrated model reflects a synthesis of best practice both in New Zealand and overseas. Nevertheless, the form and content of each company’s annual report, including the financial statements, are the responsibility of the Directors. Therefore, disclosures and presentation styles should be tailored to reflect the nature and characteristics of the particular entity, and preferences of the Board of Directors.

Download (512 KB)

Financial Statements for the year ended 30 September 2008 – to be used by a qualifying entity reporting under New Zealand equivalents to International Financial Reporting Standards (‘NZ IFRS’).

Essential (Differential) Limited 2008 includes all relevant disclosures on pronouncements applicable for entities qualifying for the exemptions under the Framework for Differential Reporting and in force on 30 September 2008.

There have not been a significant number of changes to NZ IFRS that are applicable to entities in 2008. However, we have prepared additional appendices that include; statements of comprehensive income (a new primary financial statement that will be required under NZ IAS 1 (Revised)), NZ IAS 12: Income Tax disclosures where no differential reporting exemptions are applied and disclosures where debt covenants have been breached.

If you are preparing financial statements for an entity complying with NZ IFRS for the first time, refer also to the 2006 version below for disclosures on transition.

Download (691 KB)

Financial Statements for the year ended 30 September 2007 – to be used by a qualifying entity reporting under New Zealand Equivalents to International Financial Reporting Standards (NZ IFRS).

The 2007 version includes all relevant disclosures on new pronouncements in force on 30 September 2007.

Download (558 KB)

Financial Statements for the year ended 30 September 2006 – to be used in the year of transition to New Zealand Equivalents to International Financial Reporting Standards (NZ IFRS).

This version of Essential (Differential) Limited includes illustrative disclosures for transition from New Zealand Financial Reporting Standards to NZ IFRS.

Download (731 KB)