• Typical Illustrative Financial Statements under IFRS 2021 in Ukrainian

Typical Illustrative Financial Statements under IFRS 2021 in Ukrainian

30 November 2021

BDO publishes illustrative financial statements in Ukrainian for the year ended December 31, 2021, prepared under International Financial Reporting Standards (IFRS).

While the economic outlook has been improved in many jurisdictions in 2021, many jurisdictions and industries remain significantly affected by the impact of COVID-19. These include disruptions in the supply chain and changes in demand for goods and services, as well as the uncertainty of future government restrictions on doing business.

In May 2020, the IASB amended IAS 16 “Leases”, which modify the lease modification requirements of this standard. In March 2021, the IASB further amended IAS 16, which extended practical expedient as amended in May 2020. Other IFRS requirements are the same as a result of the impact of COVID-19.

This illustrative financial statement discloses changes in IFRS requirements; however, it was not prepared to reflect the general effects of COVID-19 (for instance, about government subsidies, depreciation, etc.). BDO has published supplementary material IFRS Disclosures — COVID-19 Supplement with illustrative examples of disclosures due to COVID-19 that also include:

  • Uncertainty relating to going concern
  • Impairment of financial and non-financial assets
  • State aid, and
  • Modifications to financial liabilities.


In 2021 Q4, BDO will publish an updated COVID-19 Supplement with additional examples of cases such as reversing impairment losses, illustrative disclosures of significant judgments and uncertainties resulting from changes in COVID-19 situation, and more.


For more information on COVID-19 implications for the financial statements, visit BDO's Global IFRS microsite.