This publication illustrates best practices for financial statement disclosures that comply with the Singapore Companies Act, Singapore Financial Reporting Standards (International) [SFRS(I)] and the Singapore Exchange Limited Listing Manual for companies with a financial year ending 31 December 2018.

Major changes since the 2017 edition include disclosure examples for:

• the initial adoption of SFRS(I), and new accounting standards for revenue and financial instruments; and
• the expected financial statements impact on the initial adoption of the new accounting standard for leases.

Download Singapore Illustrative Financial Statements 2018

While care has been taken in the preparation of this publication, reference to accounting standards and other authoritative material should be made, and specific advice sought, in respect of any particular transaction or specific circumstances. No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by KPMG LLP in Singapore or any member of KPMG International.

Copies of this publication are available to any individual, organisation or group at a charge of S$50 (excluding GST at the prevailing rate). Please contact your regular KPMG contacts.