Finance Ministry Letter 24.05.2013 № 31-08410-07-29/15861
Ministry of Finance points out that NAS 1 «General Requirements for Financial Reporting» approves new forms of financial statements, including the form of «Income statement (Statement of comprehensive income)», designed to meet the requirements of the International Accounting Standards Board 1 «Presentation of Financial Statements».
In preparing 2012 IFRS financial statements where those standards require to disclose in the financial statements the information not provided for by applicable financial reporting forms, such information is to be disclosed in the notes to the financial statements.
Ministry of Finance also notes that the financial statements under NAS 1 do not provide for stating tax differences. Information on tax differences is expected to be disclosed in the notes to the financial statements. The quarterly financial statements shall be submitted to state authorities within balance sheet and income statement.
