Illustrative 2007 Financial Statements
2007 ILLUSTRATIVE SEPARATE AND CONSOLIDATED PFRS FINANCIAL STATEMENTS
This AA 2008-01 is issued to provide an illustrative set of separate financial statements (FS), including notes to FS, and a set of consolidated basic FS with selected note disclosures that are applicable only to consolidated FS (hereinafter referred to as the Illustrative FS), prepared in accordance with Philippine Financial Reporting Standards (PFRSs), for fictional manufacturing and distribution company of semiconductor products [i.e., PNA Manufacturing Corporation, “PNA” or the “Company” (for separate FS), and Granthor Holdings Philippines, Inc. and subsidiaries, “Granthor and subsidiaries” or the “Group” (for the consolidated FS with selected notes to FS)].
The Illustrative FS also include illustrative presentation and disclosures for Non-publicly Accountable Entities (NPAEs) as set out in the appendices.
The FS of PNA and Granthor and subsidiaries are presented in accordance with all appropriate PFRS, including amendments to existing standards and Philippine Interpretations issued by Financial Reporting Standards Council (FRSC) that are effective as
of December 31, 2007.
For a copy of the Illustrative FS, please click here.