An interim financial report should include, at a minimum, the following components:
A condensed balance sheet;
A condensed income statement;
A condensed statement showing either all changes in equity or changes in equity other than those arising from capital transactions with owners and distributions to owners;
A condensed cash flow statement; and
Selected set of footnote disclosures.
(IAS 34, Para 8)
If an enterprise chooses the "complete set of (interim) financial statements" route, instead of opting for the shortcut method of presenting only "condensed" interim financial statements, then the form and content of those statements should conform to the requirements of IAS 1 (revised 1997) for a complete set of financial statements.
(IAS 34, Para 9)
However, if an enterprise opts for the condensed format of interim financial reporting, then IAS 34, para 10, requires that, at a minimum, those condensed financial statements should include
Each of the headings, and
Subtotals that were included in the enterprise's most recent annual financial statements, along with selected explanatory notes, prescribed by the Standard.
(Additional line items or notes should be included if their omission would make the condensed interim financial statements misleading.)
(IAS 34, Para 10)
Basic and diluted earnings per share should be presented on the face of an income statement, complete or condensed, for an interim period.
(IAS 34, Para 11)
An interim financial report should be prepared on a consolidated basis if the enterprise's most recent annual financial statements were consolidated statements. As regards presentation of separate interim financial statements of the parent company in addition to consolidated interim financial statements, if they were included in the most recent annual financial statements, this Standard neither requires nor prohibits such inclusion in the interim financial report of the enterprise.
(IAS 34, Para 14)
The minimum disclosures required to accompany the condensed interim financial statements are the following:
A statement that the same accounting policies and methods of computation are applied in the interim financial statements compared with the most recent annual financial statements or if those policies or methods have changed, a description of the nature and effect of the change;
Explanatory comments about seasonality or cyclicality of interim operations;
The nature and magnitude of significant items affecting interim results that are unusual because of nature, size, or incidence;
Dividends paid, either in the aggregate or on a per share basis, presented separately for ordinary (common) shares and other classes of shares;
Revenue and operating result for business segments or geographical segments, whichever has been the entity's primary mode of segment reporting;
Any significant events occurring subsequent to the end of the interim period;
Issuances, repurchases, and repayments of debt and equity securities;
The nature and quantum of changes in estimates of amounts reported in prior interim periods of the current financial year or changes in estimates of amounts reported in prior financial years, if those changes have a material effect in the current interim period;
The effect of changes in the composition of the enterprise during the interim period like business combinations, acquisitions or disposal of subsidiaries and long-term investments, restructuring, and discontinuing operations; and
The changes in contingent liabilities or contingent assets since the most recent annual report.
(IAS 34, Para 16)