| 20 | Interim financial reports shall include interim financial statements (condensed or complete) for periods as follows: |
| (a) | A statement of financial position as of the end of the current interim period and a comparative statement of financial position as of the end of the immediately preceding financial year. |
| (b) | A single statement of comprehensive income or separate statements of income and of comprehensive income for the current interim period and, if different, cumulatively for the current financial year to date, with a comparative single statement of comprehensive income or separate statements of income and of comprehensive income for the comparable interim period (current and, if different, year-to-date) of the immediately preceding financial year. Paragraph 8A sets out when an entity shall present a single statement of comprehensive income or separate statements of income and of comprehensive income. |
| (c) | A statement of changes in equity cumulatively for the current financial year to date, with a comparative statement for the comparable year-to-date period of the immediately preceding financial year. |
| (d) | A statement of cash flows cumulatively for the current financial year-to-date, with a comparative statement for the comparable year-to-date period of the immediately preceding financial year. This requirement does not apply to entities that do not present a statement of cash flows in accordance with paragraphs 8F or 9. |
| 20A | An entity that presents a single condensed statement of income and retained earnings in place of the statement of comprehensive income and statement of changes in equity in accordance with paragraph 8B, shall present a single condensed statement of income and retained earnings for the periods set out in paragraph 20(b). |
| 20B | An entity that presents an income statement, or a statement of comprehensive income in which the 'bottom line' is labelled 'profit or loss' in accordance with paragraph 8C, shall present an income statement, or a statement of comprehensive income on that basis for the periods set out in paragraph 20(b). |
| 21 | For an entity whose business is highly seasonal, financial information for the 12 months up to the end of the interim period and comparative information for the prior 12-month period may be useful. Accordingly, entities whose business is highly seasonal are encouraged to consider reporting such information in addition to the information called for in paragraphs 20 to 20B. |
| 22 | See paragraphs A2.1 and A2.2 of Appendix II Illustrations and Examples to this FRS for illustrative examples of the periods that shall be presented by an entity that reports half-yearly and an entity that reports quarterly. |
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