IFRS Accounting Taxonomy 2024 – Illustrative examples
Statement of financial position, statement of comprehensive income, and statement of changes in equity
Examples from IAS 1 (IG 6) representing ways in which the requirements of IAS 1 for the presentation of the statements of financial position, comprehensive income and statement of changes in equity might be met using detailed XBRL tagging with the use of XBRL footnotes.
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XYZ Group – Statement of financial position as at 31 December 20X7 |
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(in thousands of currency units) |
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31 Dec 20X7 |
31 Dec 20X6 |
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ASSETS |
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Non-current assets |
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Property, plant and equipment |
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Goodwill |
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Other intangible assets |
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Investments in associates |
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Investments in equity instruments |
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Current assets |
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Inventories |
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Trade receivables |
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Other current assets |
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Cash and cash equivalents |
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Total assets |
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XYZ Group – Statement of financial position as at 31 December 20X7 |
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(in thousands of currency units) |
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EQUITY AND LIABILITIES |
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Equity attributable to owners of the parent |
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Share capital |
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Retained earnings |
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Other components of equity |
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Non-controlling interests |
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Total equity |
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Non-current liabilities |
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Long-term borrowings |
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Deferred tax |
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Long-term provisions |
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Total non-current liabilities |
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Current liabilities |
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Trade and other payables |
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Short-term borrowings |
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Current portion of long-term borrowings |
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Current tax payable |
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Short-term provisions |
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Total current liabilities |
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Total liabilities |
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Total equity and liabilities |
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Examples of statement of profit or loss and other comprehensive income when IFRS 9 Financial Instruments is applied
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XYZ Group – Statement of comprehensive income for the year ended |
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(illustrating the presentation of profit or loss and other comprehensive income in one statement and the classification of expenses within profit or loss by function) |
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(in thousands of currency units) |
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20X7 |
20X6 |
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Revenue |
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Cost of sales |
( |
( |
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Gross profit |
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Other income |
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Distribution costs |
( |
( |
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Administrative expenses |
( |
( |
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Other expenses |
( |
( |
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Finance costs |
( |
( |
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Share of profit of associates(a) |
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Profit before tax |
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Income tax expense |
( |
( |
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Profit for the year from continuing operations |
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Loss for the year from discontinued operations |
– |
( |
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PROFIT FOR THE YEAR |
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Other comprehensive income: |
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Items that will not be reclassified to profit or loss: |
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Gains on property revaluation |
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Investments in equity instruments |
( |
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Remeasurements of defined benefit pension plans |
( |
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Share of other comprehensive income of associates(c) |
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( |
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Income tax relating to items that will not be reclassified(d) |
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( |
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( |
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Items that may be reclassified subsequently to profit or loss: |
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Exchange differences on translating foreign operations(b) |
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Cash flow hedges(b) |
( |
( |
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Income tax relating to items that may be reclassified(d) |
( |
( |
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Other comprehensive income for the year, net of tax |
( |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
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XYZ Group – Statement of comprehensive income for the year ended |
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(illustrating the presentation of comprehensive income in one |
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(in thousands of currency units) |
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20X7 |
20X6 |
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Profit attributable to: |
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Owners of the parent |
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Non-controlling interests |
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Total comprehensive income attributable to: |
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Owners of the parent |
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Non-controlling interests |
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Earnings per share (in currency units): |
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Basic and diluted |
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Alternatively, components of other comprehensive income could be presented in the statement of comprehensive income net of tax: |
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Other comprehensive income for the year, after tax: |
20X7 |
20X6 |
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Items that will not be reclassified to profit or loss: |
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Gains on property revaluation |
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Investments in equity instruments |
( |
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Remeasurements of defined benefit pension plans |
( |
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Share of other comprehensive income of associates |
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( |
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( |
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Items that may be reclassified subsequently to profit or loss: |
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Exchange differences on translating foreign operations |
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Cash flow hedges |
( |
( |
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Other comprehensive income for the year, net of tax (d) |
( |
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(a) |
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(b)
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(c) |
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(d) |
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XYZ Group – Income statement for the year ended 31 December 20X7 |
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(illustrating the presentation of comprehensive income in two statements and classification of expenses within profit by nature) |
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(in thousands of currency units) |
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20X7 |
20X6 |
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Revenue |
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Other income |
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Changes in inventories of finished goods and work in progress |
( |
( |
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Work performed by the entity and capitalised |
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Raw material and consumables used |
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( |
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Employee benefits expense |
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( |
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Depreciation and amortisation expense |
( |
( |
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Impairment of property, plant and equipment |
( |
– |
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Other expenses |
( |
( |
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Finance costs |
( |
( |
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Share of profit of associates(e) |
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Profit before tax |
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Income tax expense |
( |
( |
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Profit for the year from continuing operations |
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Loss for the year from discontinued operations |
– |
( |
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PROFIT FOR THE YEAR |
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Profit attributable to: |
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Owners of the parent |
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Non-controlling interests |
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Earnings per share (in currency units): |
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Basic and diluted |
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(e) |
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XYZ Group – Statement of comprehensive income for the year ended |
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(illustrating the presentation of comprehensive income in two statements) |
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(in thousands of currency units) |
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20X7 |
20X6 |
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Profit for the year |
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Other comprehensive income: |
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Items that will not be reclassified to profit or loss: |
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Gains on property revaluation |
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Investments in equity instruments |
( |
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Remeasurements of defined benefit pension plans |
( |
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Share of gain other comprehensive income of associates(f) |
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( |
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Income tax relating to items that will not be reclassified(g) |
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( |
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( |
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Items that may be reclassified subsequently to profit or loss: |
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Exchange differences on translating foreign operations |
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Cash flow hedges |
( |
( |
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Income tax relating to items that may be reclassified(g) |
( |
( |
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Other comprehensive income for the year, net of tax |
( |
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TOTAL COMPREHENSIVE INCOME FOR |
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Total comprehensive income attributable to: |
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Owners of the parent |
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Non-controlling interests |
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Alternatively, components of other comprehensive income could be presented, net of tax. Refer to the statement of comprehensive income illustrating the presentation of income and expenses in one statement. |
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(f) |
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(g) |
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XYZ Group - Disclosure of components of other comprehensive income |
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Notes |
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Year ended 31 December 20X7 |
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(in thousands of currency units) |
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20X7 |
20X6 |
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Other comprehensive income: |
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Exchange differences on translating foreign operations(i) |
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Investments in equity instruments |
( |
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Cash flow hedges: |
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Gains (losses) arising during the year |
( |
( |
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Less: Reclassification adjustments for gains (losses) included in profit or loss |
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( |
– |
( |
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Gains on property revaluation |
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Remeasurements of defined benefit pension plans |
( |
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Share of other comprehensive income of associates |
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( |
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Other comprehensive income |
( |
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Income tax relating to components of other comprehensive income(j) |
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( |
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Other comprehensive income for the year (h) |
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(h) |
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(i) |
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(j) |
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XYZ Group - Disclosure of tax effects relating to each component of other |
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Notes |
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Year ended 31 December 20X7 |
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(in thousands of currency units) |
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20X7 |
20X6 |
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Before-tax amount |
Tax (expense) benefit |
Net-of-tax amount |
Before-tax amount |
Tax (expense)benefit |
Net-of-tax amount |
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Exchange |
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( |
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( |
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Investments in equity instruments |
( |
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( |
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( |
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Cash flow hedges |
( |
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( |
( |
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( |
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Gains on |
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( |
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( |
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Remeasurements of defined benefit pension plans |
( |
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( |
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( |
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Share of other comprehensive |
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– |
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( |
– |
( |
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Other |
( |
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( |
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( |
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XYZ Group – Statement of changes in equity for the year ended |
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(in thousands of currency units) |
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Share capital |
Retained earnings |
Translation of foreign operations |
Investments in equity instruments |
Cash flow hedges |
Revaluation surplus |
Total |
Non-controlling interests |
Total equity |
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Balance at |
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( |
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– |
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Changes in accounting policy |
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– |
– |
– |
– |
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Restated balance |
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( |
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– |
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Changes in equity for 20X6 |
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Dividends |
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( |
– |
– |
– |
– |
( |
– |
( |
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Total comprehensive income for the year(k) |
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( |
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Balance at |
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( |
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Changes in equity for 20X7 |
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Issue of share capital |
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– |
– |
– |
– |
– |
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– |
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Dividends |
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( |
– |
– |
– |
– |
( |
– |
( |
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Total comprehensive income for the year(l) |
– |
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( |
( |
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Transfer to retained earnings |
– |
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– |
– |
– |
( |
– |
– |
– |
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Balance at |
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( |
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(k) |
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(l) |
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