Example Public Company Limited is designed to assist with the preparation of annual company financial statements in accordance with Australian Accounting Standards. Based on current disclosure and presentation requirements for financial years ending 31 December 2022 and 30 June 2023, Example Public illustrates one possible format for a fictitious for-profit multinational corporation involved in general business which is not a first-time adopter of Australian Accounting Standards.

Explore our comprehensive guide for relevant recent disclosure and presentation requirements for your company’s financial statements when reporting in accordance with Australian Accounting Standards and other financial reporting requirements in Australia.

Financial reporting in challenging times

Many entities are facing increased challenges in these uncertain times. Geopolitical affairs, natural disasters, inflation, increasing interest rates and the continued impacts of the COVID-19 pandemic are just a few of the major issues driving global economic uncertainty today.

This evolving global uncertainty creates a variety of issues and risks, including changes in consumer demand, disrupted supply chains, staff shortages, increased market volatility and changes to the way entities operate. Consequently, it creates the potential for additional accounting and disclosure implications, and places increased pressure on many judgements, estimates and assessments made for financial reporting purposes.

Not surprisingly ASIC urges entities to assess the impact of uncertainties on the recognition and measurement of assets and liabilities, income and expenses and continues to emphasise the importance of meaningful entity-specific disclosures. Directors should ensure that the circumstances in which judgements and forward-looking information have been made, and the underlying assumptions and rationale for those judgements, are properly considered, documented and appropriately disclosed due to their value and importance to investors.

Additionally, demand for consistent and comparable reporting of environmental, social and governance (ESG) impacts – particularly climate-related risks and opportunities – in Annual Reports has escalated rapidly over the past 12 months. There is a clear expectation from stakeholders in Australia that entities should be considering climate-related risks in both the directors’ report and the financial statements.

When using Example Public Company Limited to assist with the preparation of your year-end financial statements, refer to KPMG's Financial reporting in uncertain times resource centre for further support. Our articles, blogs and podcasts explore a range of accounting and disclosure implications of various external events and uncertainties that may impact your financial report.

Example Public Company Limited: illustrative disclosures 2022-23

Model company financial statements to assist with your annual financial report preparation.


Given Australia’s close alignment to IFRS® Accounting Standards, a substantial portion of Example Public Company Limited has been based on the illustrative disclosures publication prepared by our international colleagues based on ‘pure’ IFRS Accounting Standards.

However, to illustrate additional financial reporting requirements in Australia, including specific disclosure and alternative presentation methods that are commonly used in Australia, a separate section has been included just before the main financial statements. A clear cross-reference to the Australian section is included on affected international pages.



KPMG's guide includes a 'what’s new' page, which contains a summary of all new or revised accounting standards and regulatory changes that have been reflected in Example Public Company Limited since the previous edition of this guide and references to other resources in the guide that you might find useful to your preparation of financial statements for the current period.



Download report

This interactive PDF is best viewed in full screen mode in web browsers Chrome, Internet Explorer and Safari.

Smartphone and tablet users
View the PDF using the free Adobe Reader app that is available for your device. When launching the document, select Adobe Reader to view the document.

Further resources

Get in touch