Comprehensive Income Statement Pdf

Exchange differences arising from translation of foreign operations.
Comprehensive income statement pdf. It is rather different from the typical income statement that consists of the profits and losses but may exclude some changes in net assets due to the transfer of holdings change of ownership or other factors. It provides an accounting policy choice between presenting total comprehensive income in a single statement or in two separate statements. Section 5 statement of comprehensive income and income statement specifies requirements for presenting an entity s financial performance for the period. Consolidated statement of comprehensive income for the financial year ended 31 arch 2018 2018 s mil 2017 s mil profit after tax 5 430 3 3 831 0 other comprehensive loss income.
3if a company prepares a statement of comprehensive income then disclosure is required for 1 other comprehensive income classified by nature 2 comprehensive income of associates and joint ventures and 3 total comprehensive income the statement of comprehensive income is discussed in more detail later in the chapter. Items that may be reclassified subsequently to income statement. It introduces the subject and reproduces the official text along with explanatory notes and examples designed to enhance understanding of the requirements. First is a statement displaying components of profit or loss as.
Page 1 of 7 8 14 20 3 covid 19 project for accountants financial accounting and reporting statement of comprehensive income i. 2 statement approach an entity shall present all items of income and expense recognized in a period. Comprehensive income and the income statement in accordance with section 5 statement of comprehensive income and income statement.