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IFRS 18 Presentation and Disclosure in Financial Statements


17th April 2024


On 9th April the International Accounting Standards Board (IASB) published IFRS 18 Presentation and Disclosure in Financial Statements.

IFRS 18 will replace IAS 1 Presentation of Financial Statements. The new standard brings about significant changes in the presentation and disclosures in the financial statements. Furthermore, it will also give users of the financial statements more transparent and comparable information about the company’s financial performance.

IFRS 18 at a glance

  • Improves comparability between entities in the statement of profit or loss.
  • Not all aspects of IAS 1 will be replaced. In many areas, requirements of IAS 1 are brought forward to IFRS 18.
  • Introduces required categories and subtotals in statement of profit or loss; Operating, Investing and Financing.
  • Narrow scope changes to the statement of cashflows targeting presentation and classification of interest and dividend cash flows.
  • Introduces ‘Management -defined Performance Measures’ (MPM’s).

Applicability and first-time adoption

IFRS 18 will be effective for annual reporting periods starting on or after 1 January 2027. Early adoption of this new standard will be allowed.

First-time adoption of this standard will require a restatement of comparative information.

IFRS 18 is yet to be endorsed by the EU. The European Financial Reporting Advisory Group (EFRAG) has recently updated its endorsement status to reflect the publication of IFRS 18.


More information about IFRS 18 is available on:


Should you require further details or information in relation to this new standard, please feel free to reach out to us on and

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