Investor Presentaiton
CAT
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF SRI LANKA
LKAS 1- Presentation of Financial Statements
27th June 2012
Analysis of expenses
By nature
Useful in predicting future cash
flows
By function
Additional disclosure is required
Revenue
X
Revenue
X
Other income
X
Cost of sales
X
Changes in inventories of finished goods
and work in progress
X
Gross profit
X
Other income
X
Raw materials and consumables used
X
Distribution cost
X
Employee benefit expenses
X
Administrative expenses
X
Depreciation & amortisation expenses
X
Other expenses
X
Other expenses
X
Profit before tax
X
Total expenses
X
Profit before tax
X
Scope of the Presentation
25
CA
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF SRI LANKA
LKAS 1-Presentation of Financial Statements
27th June 2012
Information to be presented in the statement of comprehensive income or in the notes
•
When items of income or expense are material, an entity shall disclose their nature and
amount separately.
Circumstances that would give rise to the separate disclosure of items of
income and expense include
write-downs of inventories to net realizable value or of property, plant and equipment to
recoverable amount, as well as reversals of such write-downs
restructurings of the activities of an entity and reversals of any provisions for the costs of
restructuring
disposals of items of property, plant and equipment
disposals of investments
discontinued operations
litigation settlements
other reversals of provisions
Scope of the Presentation
26
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