Beruflich Dokumente
Kultur Dokumente
PRESENTATION OF FINANCIAL
STATEMENTS
• IAS 1 specifies the asset, liability and equity line items that
must, as a minimum, be presented on the face of the SFP
2014 2014
€’000 €’000
ASSETS
Non-current Assets
Property, plant and equipment X
Goodwill X
Other intangible assets X
Investments in associates X
Biological assets X
X
Current Assets
Inventories X
Trade and other receivables X
Prepayments X
Cash and cash equivalents X
X
Total Assets X
2014
€’000
Revenue X
Cost of sales (X)
Gross profit X
Other operating income X
Distribution costs (X)
Administrative expenses (X)
Profit from operations X
Finance costs (X)
Share of profit/(loss) of associates X
Profit before tax X
Income tax expense (X)
Profit for the year X
Other Comprehensive Income:
Continued ....
Connolly – International Financial Accounting and Reporting – 4th Edition
Example: Statement of Profit or Loss and Other Comprehensive Income
XYZ Group – Statement of Profit or Loss and Other Comprehensive Income for the Year Ended
31st December 2014 (excluding comparatives) (classification of expenses by function)
2014
€’000
Other comprehensive income:
Items that may be reclassified into profit or loss:
Foreign exchange gains arising from the translation of foreign operations X
Items that will not be reclassified into profit or loss
Gain/(loss) on property revaluation X
Other comprehensive income for year X
Total comprehensive income for year X
Closing balance x x x x