International Financial Reporting Standards_guide.pdf

22 Chapter 3 Presentation of Financial Statements (IAS 1)
3.5.9 Other information that must appear on the face of the Statement of Financial Position
or in notes includes the following:
■ nature and purpose of each reserve;
■ shareholders for dividend not formally approved for payment; and
■ amount of cumulative preference dividend not recognized.
Statement of Comprehensive Income
3.5.10 Information about performance of the entity should be provided in a single Statement
of Comprehensive Income or in two statements, a separate income statement followed
immediately by a statement displaying components of other comprehensive income. Minimum
information to be presented on the face of the Statement of Comprehensive Income
includes the following:
■ revenue;
■ finance costs;
■ share of profits or losses of associates and joint ventures;
■ tax expense;
■ the total gain or loss on discontinued operations, comprising the post-tax profit or loss
of discontinued operations and the post-tax gain or loss recognized on the remeasurement
to fair value less costs to sell, or on the disposal of the assets or disposal groups
constituting a disposal group;
■ profit or loss for the period attributable to non-controlling interest and owners of the
parent;
■ each component of other comprehensive income classified by nature;
■ share of other comprehensive income of associates and joint ventures accounted for
using the equity method; and
■ total comprehensive income for the period attributable to non-controlling interest and
owners of the parent.
■ the amount of income tax for each component of other comprehensive income, including
reclassification adjustments, either in the Statement of Comprehensive Income or in
the notes; an entity may present components of other comprehensive income either:
– net of related tax effects, or
– before related tax effects with one amount shown for the aggregate amount of income
tax relating to those components.
■ Reclassification adjustments (amount reclassified to profit or loss in the current period
that were recognized in other comprehensive income in the current or previous period)
relating to components of other comprehensive income should be disclosed.
3.5.11 Other information to be presented on the face of the Statement of Comprehensive
Income or in the notes includes:
■ Analysis of expenses based on either their nature or function (see the example at the
end of the chapter).
■ If expenses are classified by function, disclosure of the following is required:
– depreciation charges for tangible assets;
– amortization charges for intangible assets;
– employee benefits expense; and
– dividends recognized and the related amount per share.
3.5.12 IFRS no longer allows the presentation of any items of income or expense as
extraordinary items.