2.5 Presentation and disclosure requirements
The presentation and disclosure requirements of IFRS 1 are listed in full in Appendix B to this guide.
2.5.1 Compliance with the presentation and disclosure requirements of other Standards
An entity’s first IFRS financial statements are required to comply with the presentation and disclosure requirements of IAS 1 Presentation of
Financial Statements and the other Standards and Interpretations under IFRSs. IFRS 1 does not provide any relief from the presentation and
disclosure requirements of the individual Standards (in fact, it imposes additional requirements – see below).
An entity's first IFRS financial statements are required to include three statements of financial position, two statements of comprehensive income,
two income statements (if presented), two statements of cash flows, two statements of changes in equity, and related notes, including comparative
information.
When an entity presents selective information for previous years, or states key figures or ratios for previous years, IFRS 1 does not require such
information to be prepared in accordance with IFRSs. However, the entity is required to state clearly that the amounts are not calculated in
accordance with IFRSs and to disclose the nature of the adjustments (not required to be quantified) that would be required to bring them into line
with IFRSs.