Form CC‑8

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ABC Corporation Limited
CC‑8
Reconciliation between International Financial Reporting Standards and Public Sector Accounting Standards
March 31, 2017

To be completed only by consolidated Crown corporations adopting IFRS on a quarterly basis.

Table Summary

This table consists of five columns: Statement of Operations, Closing balance IFRS end of quarter (year), Cumulative periodic adjustment (April 1 to end of quarter), Closing balance PSAS end of quarter (year) and Explanation. The rows are divided into two groups: Revenues and Expenses.

(in thousands of dollars)
Statement of Operations Closing balance IFRS end of quarter (year) Cumulative periodic adjustment
(April 1 to end of quarter)		 Closing balance PSAS end of quarter (year) Explanation
Revenues (by financial statement item):
      0  
Non-impacted items 116,300   116,300  
      0  
      0  
      0  
      0  
Total 116,300 0 116,300  
Expenses (by financial statement item):
      0  
Non-impacted items 95,500   95,500  
Employee future benefits 2,300 295 2,595 PSAS does not have corridor approach
      0  
      0  
      0  
Total 97,800 295 98,095  
Profit/(loss) 18,500 -295 18,205 Decreases in equity for employee benefits
Table Summary

This table consists of five columns: Statement of Financial Position, Closing balance IFRS end of quarter (year), Adjustment from IFRS to PSAS, Closing balance, PSAS and Explanation. The rows are divided into three groups: Assets, Liabilities and Equity.

(in thousands of dollars)
Statement of Financial Position Closing balance IFRS end of quarter (year) Adjustment from IFRS to PSAS Closing balance, PSAS Explanation
Assets (by financial statement item):
      0  
Non-impacted items 295,903   295,903  
      0  
      0  
      0  
      0  
Total 295,903 0 295,903  
Liabilities (by financial statement item):
      0  
Non-impacted items 179,363   179,363  
      0  
Employee benefits 21,528 295 21,823 PSAS does not use corridor approach
      0  
      0  
Total 200,891 295 201,186  
Equity (by financial statement item):
      0  
Non-impacted equity 41,052   41,052  
Accumulated profit and loss 53,960 295 54,255 Decrease in equity based on benefits
      0  
      0  
      0  
Total 95,012 295 95,307  

Briefly summarize the steps undertaken by your organization to ensure that all differences between IFRS and PSAS have been identified and recorded:

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