Publishedon: 26 May 2017

Deloitte'sGlobal IFRS Office has released International GAAP Holdings Limited — Modelfinancial statements for the year ended 31 December 2017.

Thesefinancial statements illustrate the presentation and disclosure requirements ofIFRSs for the year ended 31 December 2017 by an entity that is not a first-timeadopter of IFRSs. They illustrate the impact of the application of IFRSs thatare mandatorily effective for the annual period beginning on 1 January 2017.

Thepublication includes:

• Section 1 — New and revised IFRSs for 2017 annual financial statements and beyond:
  
  • An overview of new and revised IFRSs that are mandatorily effective for the year ended 31 December 2017
  • An overview of new and revised IFRSs that are not yet mandatorily effective but allow early application for the year ended 31 December 2017
    
• Section 2 — Model financial statements for the year ended 31 December 2017
  

Appendix 2: Early application of IFRS 15 'Revenuefrom Contracts with Customers' has been produced to complement these models.

Appendicesillustrating early adoption of IFRS 9 and IFRS 16 will also be made available.