This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Disclosure initiative — Primary Financial Statements – International Accounting Standards Board

Date recorded:

At its meeting on December 12, 2018, the Board discussed:

  1. whether management performance measures can be presented using columns in the statement(s) of financial performance, and tentatively decided to prohibit the use of columns to present information about management performance measures in the statement(s) of financial performance; and
  2. the use of the measure EBITDA including whether it should be added to the list of measures that are not considered to be management performance measures, and tentatively decided (a) to add operating profit before depreciation and amortization to the list of measures that are not considered to be management performance measures; and (b) not to provide examples of when it is potentially misleading for an entity to use the label ‘EBIT’ or the label ‘EBITDA’ to describe performance measures included in the financial statements. This tentative decision revises a previous tentative decision on the use of the label ‘EBIT’. The Board will continue discussing topics within the scope of the project at future Board meetings.

Review the IASB Update and podcast on the Board's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.