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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 10
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