Good Group International Limited - EY

1 ifrs core ToolsGood Group ( International ) LimitedIllustrative consolidated financial statements for the year ended 31 December 2017 International GAAP 1 good Group ( International ) LimitedContentsAbbreviations and 2 Introduction .. 3 Consolidated statement of profit or loss .. 9 Consolidated statement of comprehensive income .. 11 Consolidated statement of financial position .. 13 Consolidated statement of changes in equity .. 15 Consolidated statement of cash flows .. 18 Notes to the consolidated financial statements .. 22 Appendix 1 Consolidated statement of profit or loss and other comprehensive income (example of a single statement).

2 133 Appendix 2 Consolidated statement of profit or loss (example of expenses disclosed by nature) .. 135 Appendix 3 Consolidated statement of cash flows (example of the direct method) .. 136 Appendix 4 Information in other illustrative financial statements available .. 137 good Group ( International ) Limited2 Abbreviations and keyThe following styles of abbreviation are used in this set of International GAAP Illustrative Financial Statements:IAS Accounting Standard No. 33, paragraph 41 IAS Accounting Standard No. 1, Basis for Conclusions, paragraph 13 ifrs Financial Reporting Standard No.

3 2, paragraph 44 SIC Interpretations Committee Interpretation No. 29, paragraph 6 IFRIC Interpretations Committee (formerly IFRIC) Interpretation No. 4, paragraph 6 IAS Accounting Standard No. 39 Guidance on Implementing IAS 39 Section G: Other,paragraph Accounting Standard No. 39 Appendix A Application Guidance, paragraph AG71 CommentaryThe commentary explains how the requirements of ifrs have been implemented in arriving at theillustrative disclosureGAAPG enerally Accepted Accounting Principles/PracticeIASBI nternational Accounting Standards BoardInterpretationsCommitteeIFRS Interpretations Committee(formerly International Financial Reporting Interpretations Committee (IFRIC))SICS tanding Interpretations Committee3 good Group ( International )

4 LimitedIntroductionThis publication contains an illustrative set of consolidated financial statements for good Group ( International ) Limited (theparent) and its subsidiaries (the Group ) that is prepared in accordance with International Financial Reporting Standards( ifrs ). The Group is a fictitious, large publicly listed manufacturing company. The parent is incorporated in a fictitiouscountry within Europe. The presentation currency of the Group is the euro ( ).ObjectiveThis set of illustrative financial statements is one of many prepared by EY to assist you in preparing your own financialstatements.

5 The illustrative financial statements are intended to reflect transactions, events and circumstances that weconsider to be most common for a broad range of companies across a wide variety of industries. Certain disclosures areincluded in these financial statements merely for illustrative purposes, even though they may be regarded as items ortransactions that are not material for good to use these illustrative financial statements to prepare entity-specific disclosuresUsers of this publication are encouraged to prepare entity-specific disclosures. Transactions and arrangements otherthan those applicable to the Group may require additional disclosures.

6 It should be noted that the illustrative financialstatements of the Group are not designed to satisfy any stock market or country-specific regulatory requirements,nor is this publication intended to reflect disclosure requirements that apply mainly to regulated or shown in the right-hand margin of each page are references to ifrs paragraphs that describe the specificdisclosure requirements. Commentaries are provided to explain the basis for the disclosure or to address alternativedisclosures not included in the illustrative financial statements. For a more comprehensive list of disclosure requirements,please refer to EY'sOnline International GAAP Disclosure Checklist.

7 If questions arise as to the ifrs requirements, it isessential to refer to the relevant source material and, where necessary, to seek appropriate professional disclosure effectivenessTerms such as disclosure overload and cutting the clutter , and more precisely disclosure effectiveness , describe aproblem in financial reporting that has become a priority issue for the International Accounting Standards Board (IASB orBoard), local standard setters, and regulatory bodies. The growth and complexity of financial statement disclosure is alsodrawing significant attention from financial statement preparers, and more importantly, the users of financial the purpose ofGood Group ( International ) Limited Illustrative consolidated financial statements for the yearended 31 December 2017, the notes largely follow the order in which items are presented in the primary financialstatements.

8 Paragraph 113 of IAS 1 (2014) requires the notes to be presented in a systematic manner and paragraph 114provides examples of different systematic orderings and groupings that preparers may consider. An alternative structurethat some may find more effective in permitting the users to identify the relevant information more easily, involvesreorganising the notes according to their nature and perceived importance. An illustrative ordering of the alternativestructure that is based on seven different notes sections is summarised in the table below:SectionsFor example, comprising.

9 Corporate and Group information Corporate and Group informationBasis of preparation and other significantaccounting policies Basis of preparation Other significant accounting policies not covered in other sections(below) Changes in accounting policies and disclosures Fair value measurement and related fair value disclosures Impact of standards issued but not yet effectiveGroup business, operations, and management Financial instruments risk management objectives and policies Hedging activities and derivatives Capital management Distributions made and proposed Segment information Basis of consolidation and information on material partly-ownedsubsidiariesGood Group ( International ) Limited4 SectionsFor example, comprising.

10 Interest in joint ventures and investment in associatesSignificant transactions and events Business combinations and acquisitions of non-controlling interests Discontinued operations Impairment of goodwill and intangible assets with indefinite lives Correction of an error Related party disclosures Events after the reporting periodDetailed information on statement of profit orloss and other comprehensive income items Other operating income and expenses Finance income and costs Depreciation, amortisation, foreign exchange differences and costsof inventories Detailed breakdown of administrative, employee benefits andresearch & development expenses Share-based payments Components of other comprehensive income Earnings per shareDetailed information on statement of financialposition items Income tax Property, plant & equipment.