Statement Of Profit And Loss And Other Comprehensive Income Pdf

Two linked statements one displaying the items of income and expense recognised in the statement of profit or loss and the other statement beginning with profit or loss and displaying all the items included in other comprehensive income.
Statement of profit and loss and other comprehensive income pdf. Total comprehensive income comprises all components of profit or loss and of other comprehensive income. It provides an accounting policy choice between presenting total comprehensive income in a single statement or in two separate statements. A single statement or. 181 each of the two entities is 1 000 um at the end of year n while its market value is 5 000 mu.
During the year n the companies recorded only expenses with the staff amounting to 3 000 um. Section 5 statement of comprehensive income and income statement specifies requirements for presenting an entity s financial performance for the period. Entities may present all items together in. Ias 1 presentation of financial statements defines profit or loss as the total of income less expenses excluding the components of other comprehensive income other comprehensive income oci is defined as comprising items of income and expense including reclassification.
Profit and loss account or comprehensive income statement which is the best. Statement of profit or loss 82 information to be presented in the other comprehensive income section 82a profit or loss for the period 88 other comprehensive income for the period 90 information to be presented in the statement s of profit or loss and other comprehensive income or in the notes 97 statement of changes in equity 106. The unaudited condensed consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 31 december 2019 and the accompanying explanatory notes attached to the interim financial statements. The unaudited condensed consolidated statements of profit or loss and other comprehensive income should be read in conjunction with the audited financial statements for the financial year ended 30 june 2019 and the accompanying explanatory notes attached to the interim financial statements.
Comprehensive income in two statements items of other. The performance of a company is reported in the statement of profit or loss and other comprehensive income. 8 although this standard uses the terms other comprehensive income profit or loss and total comprehensive income an entity may use other terms to describe the totals as long as the meaning is clear.