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Investor Presentaiton

CAT THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA Disclosure Initiative - Amendments to LKAS 1 Materiality ■ The amendments clarify that an entity must not reduce the understandability of its financial statements by obscuring material information with immaterial information or by aggregating material items that have different natures or functions. ■ The amendments re-emphasise that, when a standard requires a specific disclosure, the information must be assessed to determine whether it is material and, consequently, whether presentation or disclosure of that information is warranted. (New para 30A & amend para 31) CAT THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SRI LANKA Disclosure Initiative - Amendments to LKAS 1 Disaggregation and subtotals ☐ Clarify that specific line items in the statement(s) of profit or loss and OCI and the statement of financial position may be disaggregated. ☐ Specify the presentation of additional subtotals, in the statement(s) of profit or loss and OCI and the statement of financial position: ■ ◉ Be comprised of line items made up of amounts recognised and measured in accordance with SLFRS Be presented and labelled in a manner that makes the line items that constitute the subtotal clear and understandable Be consistent from period to period Not be displayed with more prominence than the subtotals and totals currently required in SLFRS for the statement of financial position or the statement(s) of profit or loss and OCI For additional subtotals presented in the statement(s) of profit or loss and OCI, an entity must also present the line items that reconcile any such subtotals with the subtotals or totals currently required in SLFRS for such statement(s). 21 24
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