Ind AS Example Consolidated Financial Statements 2026

The 2026 edition of the Ind AS compliant Example Consolidated Financial Statements aims to promote high‑quality and consistent implementation of applicable financial reporting framework requirements in India. These financial statements have been prepared in accordance with the Indian Accounting Standards (Ind AS) specified under Section 133, read with Division II of Schedule III of the Companies Act, 2013.

These Example Consolidated Financial Statements, have been developed based on the activities and financial outcomes of Illustrative India Limited and its subsidiaries (collectively referred to as ‘the Group’ or the ‘Illustrative India Group’) — a fictional entity engaged in consulting, services, telecommunication system construction, and retail operations. The Group has been reporting under Ind AS for several years.

These illustrative financial statements are intended to serve as a learning resource and reference guide. They are not designed to function as a definitive template and should be considered alongside applicable industry‑specific standards and regulatory requirements. The objective is to demonstrate one possible approach to reporting transactions commonly encountered across general business sectors.