Effective from 1 January 2027, IFRS 18 requires more than a simple reporting update.
IFRS 18 replaces IAS 1 which will fundamentally changes how profit and loss statements are presented.
With mandatory income statement categories, defined subtotals, stricter disclosure rules, and retrospective restatement, HAYNE Solutions helps organisations assess the impact, redesign reporting structures, upgrade systems, and train teams.
Get IFRS 18 compliant with minimal disruption.
When does IFRS 18 apply?
Effective for annual reporting periods beginning on or after 1 January 2027.
Comparatives must be restated, meaning companies will need to apply the new format to prior-year figures as well.
Early adoption is permitted and encouraged for complex organisational structures.
In the UK, the standard remains subject to endorsement by the UK Endorsement Board (UKEB), though this is widely expected to be granted.
Who Does IFRS 18 Apply To?
Mandatory P&L categories: Operating, Investing, Financing
New defined subtotals, including Operating profit
Formal requirements for Management-defined Performance Measures (MPMs)
Enhanced disaggregation of income and expenses
Organisations that publicly report adjusted or non-GAAP performance measures (APMs/MPMs).
Who is affected by the changes?
How HAYNE Solutions can support you
HAYNE Solutions offers end-to-end IFRS 18 support across every stage of the transition.
IFRS 18 impact assessments and readiness reviews
Chart of accounts and reporting structure redesign
System and consolidation tool configuration, including CCH Tagetik
Comparative restatement support
MPM governance and disclosure design
Training for finance and non-finance teams
Early preparation reduces implementation risk, cost, and reporting disruption.