Changes to the annual financial statement forms submitted by public interest entities (PIEs), excluding financial institutions, to the Depository will take effect on 1 January 2027.
The main changes concern the statement of profit or loss and the statement of cash flows prepared using the indirect method. The forms are being updated in connection with the implementation of IFRS 18 Presentation and Disclosure in Financial Statements.
Statement of profit or loss: three categories of activities
Under the new form, income and expenses will be classified into three categories:
- Operating – revenue, cost of sales, selling expenses, administrative expenses and other operating income and expenses.
- Investing – income and expenses related to investments, financial assets, investment property and finance leases.
- Financing – income and expenses related to financial liabilities, including finance lease expenses.
Separate line items and subtotals will be provided for each category. In particular, the form will introduce a measure of operating profit or loss, as well as a subtotal before financing and income tax.
This structure will provide a clearer picture of an entity’s financial performance across its different activities.
Changes to the Statement of cash flows
The statement of cash flows prepared using the indirect method will also be revised.
The calculation of cash flows from operating activities will start with operating profit or loss, rather than profit or loss before tax, as provided for in the current form.
In addition, the adjustments used in calculating cash flows from operating activities will be further specified. These include depreciation and impairment of assets, gains or losses on their disposal, finance costs, employee benefits, deferred taxes and foreign exchange differences.
The presentation of certain cash receipts and payments will also change. In particular, interest received will be presented under investing activities, while interest paid will be included under financing activities. The revised form will also introduce additional line items, including expenses (income) arising from the modification of financial liabilities.
Reporting deadline
The Statement of financial position, the Statement of changes in equity and the Statement of cash flows prepared using the direct method will remain unchanged.
The deadline for submitting annual financial statements to the Depository will also remain the same: no later than 31 August of the year following the reporting period.
The changes were approved by Order No. 731 of the Acting Minister of Finance of the Republic of Kazakhstan dated 30 October 2026 and will take effect on 1 January 2027.
Based on materials from Uchet.kz.
