Investor Presentaiton
CAT
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF SRI LANKA
LKAS 1-Presentation of Financial Statements
27th June 2012
STATEMENT OF COMPREHENSIVE INCOME
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.
• Total comprehensive income comprises all components of 'profit or loss' and of 'other
comprehensive income'.
•
Apart from '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.( E.g.:- 'net
income' to describe profit or loss.)
The term 'Comprehensive income' is not defined in the framework, but is used in the standard to
describe the changes in equity of an entity during a period from transactions, events and
circumstances other than those resulting from transactions with owners in their capacity as
owners.
The term 'other comprehensive income refers to income and expenses that under IFRSS are
included in comprehensive income but excluded from profit or loss.
CA T
THE INSTITUTE OF
CHARTERED ACCOUNTANTS OF SRI LANKA
LKAS 1-Presentation of Financial Statements
27th June 2012
Scope of the Presentation
19
STATEMENT OF COMPREHENSIVE INCOME
An entity shall present all its income and expenses; either as part of
Single statement of
comprehensive
Two statements
income
Statement displaying profit or loss
(separate income statement)
•
Second statement beginning with profit or
loss and displaying components of other
comprehensive income
(Statement of Comprehensive Income)
When an Income Statement is presented it is a part of a complete set of financial
statements and shall be displayed immediately before the Statement of Comprehensive
Income.
Entity shall not present any items of income or expenses as extraordinary items, in the
statement of comprehensive income or the separate income statement or in notes.
Scope of the Presentation
20
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