PBE Illustrative Financial Statements

Guide to PBE financial statements

New Zealand PBE Accounting Standards

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Focusing on compliance in financial reporting

Our Guides to financial statements help you to prepare financial statements in accordance with PBE Accounting Standards as applicable to Tier 1 and Tier 2 Public Benefit Entities (PBE’s) under the XRB A1 Accounting Standards Framework (XRB A1) issued by the XRB. Illustrative disclosures that illustrate one possible format for financial statements prepared under PBE accounting standards, based on a fictitious incorporated society which identifies the disclosures required for currently effective requirements.

They are available for annual periods ending 31 March, these guides should not be used as boiler plate templates. The preparation of your own financial statements requires judgement, in terms of the choice of accounting policies, how the disclosures should be tailored to reflect your specific circumstances, and the materiality of disclosures in the context of your organisation.

Each guide reflects PBE accounting standards that have been published by a specified date and are required to be applied by an entity with a specified annual period – e.g. standards in issue at 31 March 2021 that are required to be applied by an entity with an annual period beginning on 1 April 2020.

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