Assessment requirements:
With reference to the recent financial results (annual report) of KINGSPAN ly published GROUP PLC, an international trading organization, adopting IFRS, write a report addressing the following:

• How the objectives of General-Purpose Financial Reporting (chapter 1 of the IASB Conceptual Framework for Financial Reporting) are demonstrated in the annual financial statements and report.
• With reference to specific Financial Reporting Standards (IAS or IFRS), demonstrate how their Recognition, Measurement, and Presentation / Disclosure (chapters 5, 6, and 7 of the IASB Conceptual Framework for Financial Reporting) are reported.
• How do the contents of the annual report allow the users of financial statements to make informed decisions?