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BDO publishes illustrative financial statements in Ukrainian for the year ended December 31, 2021, prepared under International Financial Reporting Standards (IFRS).<\/em><\/p>\n While the economic outlook has been improved in many jurisdictions in 2021, many jurisdictions and industries remain significantly affected by the impact of COVID-19. These include disruptions in the supply chain and changes in demand for goods and services, as well as the uncertainty of future government restrictions on doing business.<\/p>\n In May 2020, the IASB amended IAS 16 \u201cLeases\u201d,<\/em> which modify the lease modification requirements of this standard. In March 2021, the IASB further amended IAS 16,<\/em> which extended practical expedient as amended in May 2020. Other IFRS requirements are the same as a result of the impact of COVID-19.<\/p>\n This illustrative financial statement discloses changes in IFRS requirements; however, it was not prepared to reflect the general effects of COVID-19 (for instance, about government subsidies, depreciation, etc.). BDO has published supplementary material IFRS Disclosures \u2014 COVID-19 Supplement<\/a> with illustrative examples of disclosures due to COVID-19 that also include:<\/p>\n In 2021 Q4, BDO will publish an updated COVID-19 Supplement with additional examples of cases such as reversing impairment losses, illustrative disclosures of significant judgments and uncertainties resulting from changes in COVID-19 situation, and more.<\/p>\n For more information on COVID-19 implications for the financial statements, visit BDO’s Global IFRS microsite<\/a>.<\/p>\n\n