NZ IFRS 18

Presentation and Disclosure in Financial Statements


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Sets out requirements for the presentation and disclosure of information in general purpose financial statements to help ensure they provide relevant information that faithfully represents an entity’s assets, liabilities, equity, income and expenses.

  • NZ IFRS 18 – Periods beginning on or after
    1 Jan 2027 (early adoption permitted)

    Date of issue: May 2024

    Date compiled to: May 2024

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Guidance and useful information

Getting ready for NZ IFRS 18

Summary of the key requirements of NZ IFRS 18 and practical matters for an entity to think about, as they begin their preparations for reporting under NZ IFRS 18. 

Download the PDF version.

pdf NZ IFRS 18 Fact Sheet 294 KB

NZ IFRS 18 Benefits and Costs Summary

Summary of the expected benefits and potential costs of adopting NZ IFRS 18. This will help entities with understanding why the presentation of the financial statements is changing and how to respond to questions around these changes from investors.

Download the PDF version.

pdf NZ IFRS 18 Costs vs Benefit Summary 309 KB

 

  

 

IFRS 18 insights panel - November 2024

Watch the IFRS 18 insights panel held in November 2024, with Linda Mezon-Hutter (IASB Vice-Chair). The discussion includes preparer and auditor views on the implications of IFRS 18 on financial reporting in New Zealand.

 

Other Standards Amended by NZ IFRS 18

 

To assist in preparing for NZ IFRS 18, please see four other Accounting Standards updated to incorporate amendments introduced by NZ IFRS 18.

These versions are mandatory from 1 January 2027.

NZ IFRS 18 has also amended other NZ IFRSs. Please refer to Appendix D of NZ IFRS 18, along with the relevant Standards, to understand how these amendments apply from 1 January 2027.

 

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