Case Study Report: Better Communication - Making Disclosures More Meaningful

October 2017

The International Financial Reporting Standards (IFRS) Foundation has published a case study report showing how companies from different parts of the world have improved communication in their IFRS financial statements.

The report, Better Communication in Financial Reporting - Making disclosures more meaningful, contains six case studies from varied industries. Its goal is to illustrate how improvements can be made and inspire other companies to initiate their own improvement projects.

The report explains the process these companies have gone through to improve disclosures in the notes to their financial statements and shows examples of the improvements made. By identifying what information is relevant, prioritising it appropriately and presenting it in a clear and simple manner, these companies have made their financial statements easier for investors to read and understand. The report uses these examples to show that relatively small changes can significantly improve the quality of the financial information in the disclosures.

The report forms part of the IASB’s work under the theme of Better Communication in Financial Reporting. It complements other initiatives, including the Principles of Disclosure project and the recently published IFRS Practice Statement 2, Making Materiality Judgements.

The case studies included in the report are Fonterra Co-operative Group Limited, Wesfarmers Limited, PotashCorp, ITV plc, Orange S.A. and Pandora A/S.

The case study is available on this link