Here's a real-world example of how IAS 34 can be applied:

Company X is a publicly traded company that is required to prepare interim financial reports on a quarterly basis. In the first quarter of the current year, the company experienced a significant increase in sales due to strong demand for its products. As a result, the company's pre-tax profit for the quarter was significantly higher than in the same period last year.

When preparing the interim financial report for the first quarter, the company must comply with the requirements of IAS 34. This includes preparing a condensed statement of financial position, a condensed statement of comprehensive income, and a condensed statement of cash flows. The report must also include disclosures about significant events and transactions that have occurred during the quarter, such as changes in the company's operations, changes in accounting policies, and changes in the company's financial position.

In this case, the company's interim financial report for the first quarter should reflect the increase in sales and the resulting increase in pre-tax profit. However, the company must also ensure that the report is accurate and reliable, and that it complies with any applicable legal or regulatory requirements.

By following the requirements of IAS 34, Company X can ensure that its interim financial reports provide relevant and reliable information to investors and other stakeholders, which can help them make informed decisions about the company's performance and prospects.