Disclosure initiative — Primary Financial Statements - IASB
Date recorded:
At its meeting on December 13, 2017, the IASB discussed and made tentative decisions on:
- the objective of introducing a management performance measure into the financial statements and possible locations for the presentation and disclosure of that measure; and
- some improvements to the statement of cash flows on the classification of interest and dividends and the initial thoughts on other targeted improvements.
The Board will continue its discussions about targeted improvements to the statement(s) of financial performance at a future meeting. These discussions will include:
- the circumstances in which a management performance measure would be required; and
- whether the reconciliation of the management performance measure with the IFRS defined measure should be presented below the statement of financial performance or disclosed in the notes.
The Board will consider the classification in the statement of cash flows of dividends received from investments in associates and joint ventures when it discusses whether the profit or loss of integral associates and joint ventures should be part of the income or expenses from investments in the statement(s) of financial performance.
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