Repository of IFRS annual reports

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pub_acco
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Repository of IFRS annual reports

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Hi everyone,

I am looking for some kind of IFRS version of SEC’s EDGAR to browse real annual reports of large companies under IFRS. I mean, if I want to study US GAAP practices, I can go to EDGAR and go through a lot of 10-Ks. There is a similar repository in my country but IFRS practices available there are considerably flavored like our local GAAP. I am looking for a repository of IFRS disclosure practices (in English) by companies with long IFRS experience. Do you have any suggestions?
Yasaswi Gomes
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Re: Repository of IFRS annual reports

Post by Yasaswi Gomes »

I’m not sure which financial website gives all the disclosures data in a single platform. However, if your comparing disclosures with local GAAP, there is a direct platform which facilitates that called as eIFRS. Here is the link https://eifrs.ifrs.org/eifrs/Faq

I believe, before you go premium, you can check out the disclosures right here in this community on the knowledge base which has lots of illustrative examples from every standard (not for disclosures) and, these standards and disclosures are easy to comprehend.

There are disclosures for all standards, it is better like you mentioned to get them from official guide because there is no guarantee than an entity will or had disclosed all of them.
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pub_acco
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Re: Repository of IFRS annual reports

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Thank you Yasaswi. I have subscribed eIFRS and have full access to annotated standards, illustrative examples, and so on. I am rather looking for living examples of IFRS practices where companies often skip or cheat standards’ requirements so I can draft efficient and reasonably complying IFRS disclosures. Official resources are too serious for that purpose. I’m also interested in the variations of disclosure and accounting practices and want to compare many disclosures so I can find out best practices to follow.
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Marek Muc
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Re: Repository of IFRS annual reports

Post by Marek Muc »

Hi, I'm not aware of such a repository. When I need to look into actual financial statements, I first pick a company and then google its name with adding "investor relations" to the search query.

I hope it will get easier next year, at least in the EU, when the European Single Electronic Format becomes effective
https://www.esma.europa.eu/policy-activ ... nic-format
pub_acco
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Re: Repository of IFRS annual reports

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Hi Marek, that’s exactly what I have been doing. It’s very good though to learn that nothing better is currently available than filling up my ‘Annual Reports’ folder with a bunch of downloaded annual report PDFs. I too hope the XBRL things make it much better.

Thank you.
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Marek Muc
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Re: Repository of IFRS annual reports

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Yep, browsing through annual reports in pdfs is really time consuming...
JRSB
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Re: Repository of IFRS annual reports

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Marek Muc
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Re: Repository of IFRS annual reports

Post by Marek Muc »

Interesting site, I opened two random profiles and it says that these companies 'have reached their limit for free report views'
it seems that this site expects companies to pay a fee for hosting their reports, I wonder how successful this business model is...
http://www.annualreports.co.uk/Company/ ... nd-limited
http://www.annualreports.co.uk/Company/chorus-ltd
pub_acco
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Re: Repository of IFRS annual reports

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It seems readers can also pay for the annual reports. But the pricing is unclear... :|

http://www.irsolutions.com/irSolutions- ... vices.html
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Marek Muc
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Re: Repository of IFRS annual reports

Post by Marek Muc »

Hi, IFRIC's research paper on reverse factoring says that they used 'financial search engine, AlphaSense, to search for disclosure of supply chain financing arrangements in entities’ most recent interim or annual financial statements'.

Has anyone heard about or used this search engine? This might be something that we were looking for.
JRSB
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Re: Repository of IFRS annual reports

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Powerful, but not free.
pub_acco
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Re: Repository of IFRS annual reports

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Doesn’t look affordable for consumer users either :roll:
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Marek Muc
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Re: Repository of IFRS annual reports

Post by Marek Muc »

the EU is working towards European single access point for financial and non-financial information publicly disclosed by companies, maybe they'll create something useful

https://ec.europa.eu/info/consultations ... s-point_en
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Re: Repository of IFRS annual reports

Post by JRSB »

that'll be handy.

the UK (I assume outside of this scheme :D ) has a world-leading offering on this in my experience - fast, easy, free access to all data and accounts also now downloadable as ixbrl files. it can be annoying (paying a tiny fee), painful or impossible to get info from certain countries.

UK register -> https://find-and-update.company-informa ... ce.gov.uk/
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Marek Muc
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Re: Repository of IFRS annual reports

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