Statement of Comprehensive Income
Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. The statement of comprehensive income illustrates the financial performance and results of operations of a particular company or entity for a period of time.
According to International Financial Reporting Standards since 1 January 2009 an entities make:
- a Statement of comprehensive income (see the table below) or
- two separate statements comprising:
- an Income statement displaying components of profit or loss and
- a Statement of comprehensive income that begins with profit or loss (bottom line of the income statement) and displays the items of other comprehensive income for the reporting period (IAS 1 p.81)
So the statement of comprehensive income aggregates income statement (profit and loss statement) and other comprehensive income which isn't reflected in profits and losses. "Total comprehensive income is the change in equity during a period resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners." (IAS 1 p.7)
The statement of comprehensive income is one of the major financial statements used by accountants and business owners (the other major financial statements are the balance sheet (statement of financial position), statement of changes in equity and statement of cash flows).
IFRS do not prescribe the exact format of the Statement of comprehensive income but it can be obtained from IFRS Taxonomy. Just that official format is built into the ReadyRatios analytical software.
Statement of Comprehensive Income
|
| Reference
IAS (IFRS), p. | IFRS Taxonomy 2010 XBRL name |
| COMPREHENSIVE INCOME | 1p106a
1p82i | ComprehensiveIncome |
| PROFIT (LOSS) | 1p82f | ProfitLoss |
| Profit (loss) from continuing operations | 1p82f | Profit<...>Operations |
| Profit (loss) before tax | IFRS 8p23, 8p28b | ProfitLossBeforeTax |
| Gross profit | 1p103 | GrossProfit |
| Revenue | 1p82a, 18p35b, IFRS, 8p28a | Revenue |
| Cost of sales | 1p99 | CostOfSales |
| Other income | 1p103, 1p102 | OtherIncome |
| Distribution costs | 1p99 | DistributionCosts |
| Administrative expense | 1p99 | AdministrativeExpense |
| Other expense | 1p99 | OtherExpenseByFunction |
| Other gains (losses) | 1p103, 1p102 | OtherGainsLosses |
| Profit (loss) from operating activities | ProfitLossFromOperatingActivities | |
| Difference between carrying amount of dividends payable and carrying amount of non-cash assets distributed | IFRIC
17p5 | Difference<...>Distributed |
| Gains (losses) on net monetary position | 9p29 | Gains<...>Position |
| Gain (loss) arising from derecognition of financial assets measured at amortised cost | 1p82 aa | GainLoss<...>AmortisedCost |
| Difference between carrying amount of non-cash assets distributed and carrying amount of dividends payable | IFRIC 17p5 | Difference<...>Payable |
| Finance income | IFRS 7 IG13 | FinanceIncome |
| Finance costs | 1p82b | FinanceCosts |
| Share of profit (loss) of associates and joint ventures accounted for using equity method | 1p82c | Share<...>Method |
| Gains (losses) arising from difference between previous carrying amount and fair value of financial assets reclassified as measured at fair value | Effective 2013-01-01 IAS 1.82 ca | Gains<...>Value |
| Income tax expense (from continuing operations) | 1p82d, 7p20 | IncomeTax<...>Operations |
| Profit (loss) from discontinued operations | 1p82e-i | Profit<...>Operations |
| OTHER COMPREHENSIVE INCOME | 1p91а | OtherComprehensiveIncome |
| Other comprehensive income, net of tax, exchange differences on translation | 1p91а, 1p82g | Other<...>OnTranslation |
| Other comprehensive income, net of tax, available-for-sale financial assets | 1p91а, 1p82g | Other<...>Assets |
| Other comprehensive income, net of tax, cash flow hedges | 1p91а, 1p82g | Other<...>Hedges |
| Other comprehensive income, net of tax, hedges of net investments in foreign operations | 1p91а, 1p82g | Other<...>Operations |
| Other comprehensive income, net of tax, gains (losses) from investments in equity instruments | 1p7d | Other<...>Instruments |
| Other comprehensive income, net of tax, gains (losses) on revaluation | 1p91а, 1p82g | Other<...>Revaluation |
| Other comprehensive income, net of tax, actuarial gains (losses) on defined benefit plans | 19p120h, 1p91а, 1p82g | Other<...>Plans |
| Income (expense) recognised in other comprehensive income relating to non-current assets or disposal group classified as held for sale | IFRS 5p38 | Income<...>ForSale |
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