Disclosure initiative — Primary Financial Statements - IASB
On March 21, 2017, the IASB discussed guidance on classification, aggregation and disaggregation, as well as two proposed subtotals in the statement(s) of financial performance: (i) Earnings before interest and tax; and (ii) Management operating performance measure.
At future meetings the Board will discuss items the staff was asked to develop further or to clarify in the proposals presented at this meeting. The staff will also explore: (i) adjusted basic earnings per share; (ii) better ways to communicate information about other comprehensive income; (iii) presentation of the results of associates and joint ventures; (iv) targeted improvements in the statement of cash flows; and (v) development of illustrative examples, including those for specific industries (eg financial institutions), for the primary financial statements.
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