IAS 34Chapter 2Lesson 1
The content of an interim report: complete or condensed set
Step 1 of 6Learning objectives
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The interim report updates the latest annual accounts with a complete or condensed set; the condensed set comprises at least five components, the annual headings and subtotals, and earnings per share where IAS 33 applies.
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Learning objectives
- Distinguish the complete set from the condensed set and know that both are permitted.
- Identify the five minimum components of a condensed report and spot the one that is missing.
- Check that a condensed statement includes the headings and subtotals of the latest annual statement.
- Know when basic and diluted earnings per share appear in the interim statement presenting profit or loss.