This is a realistic set of financial statements prepared under IFRS for small and medium entities, illustrating the required disclosure and presentation. The preparer is a first-time adopter of the standard. It is and a fictional fruit gower, wine and fruit producer, wholesale and retail group. Certain types of transaction that are not relevant to the group's operations have been included in the appendices. This publication is based on the requirements of the IFRS for SMEs published in July 2009.