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Information to be presented in the statement
The statement should present, at a minimum, the
following information [IAS1R.96(a)-(d)]:
| a) |
net profit / loss for period; |
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| b) |
other gains and losses recognised directly in equity as required by IFRS;
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| c) |
total income and expense for
the period with separate disclosure of amounts
attributable to parent equity holders and to
minority interest; and |
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| d) |
impact of changes in accounting
policy and correction of errors. |
Examples of items that should be presented in accordance
with b) above are:
| a) |
foreign currency translation differences
arising during the period and deferred in equity
; |
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| b) |
the transfer to the consolidated income
statement of amortised goodwill in respect
of a subsidiary sold during the period;
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| c) |
fair value gains and losses
on land and buildings and investments
[IAS16R.39] [IAS39R.55]; and |
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| d) |
fair value gains and losses
on financial instruments recognised in equity
and reclassified to income [IAS32R.56,58,59]. |
The other gains and losses recognised directly
in equity should be presented in sufficient detail
to enable a user of the financial statements to
understand the nature and scale of amounts recognised
[IAS1R.96,97,99] .
The following additional information should also
be disclosed [IAS1R.97(a)-(c)]:
| a) |
transactions with owners - share issues
and redemptions and dividends and the purchase
of treasury shares ; |
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| b) |
reconciliation of the opening and closing
balance of retained earnings; and
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| c) |
reconciliation of the opening
and closing balance of each reserve and class
of capital . |
An entity that presents a statement of total recognised
gains and losses will present transactions with
owners and reserve reconciliations in the notes
to the financial statements. An entity that presents
a statement of changes in equity, however, will
present the information as part of the primary statement
.
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