• Service: Audit
  • Type: Business and industry issue, Regulatory update
  • Date: 6/30/2013

Rebecca Chan

Rebecca Chan


+852 2140 2821

Roy Leung

Roy Leung


+852 2143 8549

Insights into the Preparation of Pro Forma Financial Information (Executive Summary) 

This publication aims to serve as an aid to the understanding and practical application of the relevant rules and pronouncements on pro forma financial information in the context of compliance with the Hong Kong Listing Rules.


In addition to summarising the relevant requirements and guidance, this publication discusses practical issues in the preparation of pro forma financial information and our observations on how some of such issues might be addressed.  Topics covered include the presentation of pro forma net tangible assets and earnings per share in an IPO prospectus, and pro forma disclosures for notifiable transactions involving business combinations, disposal of subsidiaries and rights issues.  To facilitate a better understanding of the principles discussed, illustrative pro forma information presentation and disclosures are set out in the Appendix.


This publication is relevant for IPO applicants in their preparation of a prospectus and for listed companies in their preparation of an investment circular for a notifiable transaction under the Hong Kong Listing Rules.


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