Are you keeping up with the pace?

Downloar review (1.82 Mb)

International Financial Reporting Standards (IFRS) are widely adopted accounting principles used by many listed companies throughout the world. Last year we conducted a survey on the 2006 financial statements of real estate entities. Our main conclusion was that the real estate sector still had a way to go on IFRS, especially with regard to increasing the transparency and comparability of the financial statements. We were therefore curious this year to see what progress the industry has made in this respect.

This year’s survey consisted of a global review of 50 IFRS financial statements, where we selected listed real estate entities with audited financial statements. The survey includes annual reports from Western, Central and Eastern Europe, the Nordic countries and this year we also included entities from Asia Pac. The main driver behind conducting this survey was to assess the status of the real estate industry with the application of IFRS and industry guidance, as well as looking at the application of new IFRS developments