FRS 3: Reporting financial performance
Find links to the accounting standard, technical summaries, useful guides and other resources on FRS 3 collated by ICAEW Library & Information Service.
The accounting standard FRS 3 required entities to highlight specified components of financial performance in their reporting. It was issued by the Accounting Standards Board in October 1992 and subsequently amended in June 1993, June 1999 and July 2007.
This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015. Topics within reporting financial performance are covered by Section 5, Section 6 and Section 10 of FRS 102 under new UK GAAP.
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There is no free consolidated version of FRS 3 available online.
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Unconsolidated standard and amendments as first issued
Financial Reporting Standard 3: Reporting Financial Performance
This is the full text of the standard as issued by the Accounting Standards Board in October 1992. It does not include the amendments made in June 1993, June 1999 and July 2007. The amendments made by FRS 22 and FRS 25 are also not included.
Amendment to Financial Reporting Standard 3: Reporting Financial Performance
Amendment issued by the ASB in July 2007.
Amendment to FRS 3 Reporting Financial Performance - June 1999
Amendment issued by the ASB in June 1999.
In the annual accounting standards volume Accounting Standards 1995/96, FRS 3 was reprinted, as ‘amended 1993’, to include a new paragraph (31A) on insurance business.
FRS 3 has also been amended by FRS 22: Earnings Per Share and FRS 25: Financial Instruments: Disclosure and Presentation.
Reporting Financial Performance
Summary published by the Financial Reporting Council.
ICAEW guidance and support
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
FRS 3 Reporting Financial Performance
Memorandum of comment (ICAEW REP 32/07) submitted in April 2007 by the ICAEW in response to the exposure draft of proposed amendments to FRS 3 published by the ASB in March 2007.
ASB publishes Amendment to FRS 3 ‘Reporting Financial Performance’
Press notice published on 6 July 2007 by the ASB.
Insurance companies: ASB issues amendment to FRS 3 ‘Reporting Financial Performance’
Press notice published on 17 June 1999 by the ASB.
Relevant Financial Reporting Review Panel findings
Findings of the Financial Reporting Review Panel in respect of the accounts of Princedale Group Plc for the period ended 30 April 2000
Press release issued by the FRRP on 28 August 2001.
Findings of the Financial Reporting Review Panel in Respect of the Accounts of Ensor Holdings Plc for the Year Ended 31 March 1999
Press release issued by the FRRP on 11 July 2000.
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