Statement presenting comprehensive income (AASB18_06-24)

An entity shall present in the statement presenting comprehensive income totals for: 

(a) profit or loss; 

(b) other comprehensive income (see paragraphs B86–B87); and 

(c) comprehensive income, being the total of profit or loss and other comprehensive income.

An entity shall present an allocation of comprehensive income for the reporting period attributable to: 

(a) non-controlling interests; and 

(b) owners of the parent.

An entity shall classify income and expenses included in the statement presenting comprehensive income in one of two categories: 

(a) income and expenses that will be reclassified to profit or loss when specific conditions are met; and 

(b) income and expenses that will not be reclassified to profit or loss.

An entity shall present, in each of the categories of the statement presenting comprehensive income, line items for: 

(a) the share of other comprehensive income of associates and joint ventures accounted for using the equity method; and 

(b) other items of other comprehensive income.

An entity shall present in the statement presenting comprehensive income or disclose in the notes reclassification adjustments relating to components of other comprehensive income (see paragraphs B88–B89).

Other Australian Accounting Standards specify whether and when amounts previously included in other comprehensive income are reclassified to profit or loss. Such reclassifications are referred to in this Standard as reclassification adjustments. An entity includes a reclassification adjustment with the related component of other comprehensive income in the period that the adjustment is reclassified to profit or loss. An entity might have included these amounts in other comprehensive income as unrealised gains in the current or prior periods. An entity shall deduct them from other comprehensive income in the period in which the realised gains are reclassified to profit or loss to avoid including them in total comprehensive income twice.

An entity disclosing reclassification adjustments in the notes shall present in the statement presenting comprehensive income the items of other comprehensive income after any related reclassification adjustments.

An entity shall either present in the statement presenting comprehensive income or disclose in the notes the amount of income taxes relating to each item of other comprehensive income, including reclassification adjustments (see paragraphs 61A and 63 of AASB 112).

An entity may present items of other comprehensive income either: 

(a) net of related tax effects; or 

(b) before related tax effects, with one amount shown for the aggregate amount of income taxes relating to those items.

If an entity selects the alternative in paragraph 94(b), it shall allocate the tax between the categories set out in paragraph 88.