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Disclosure initiative — Primary Financial Statements – International Accounting Standards Board

Date recorded:

At its meeting on November 14, 2018, the IASB met to discuss: (i) earnings before interest, tax, depreciation and amortisation (EBITDA); (ii) whether to develop templates and examples to assist preparers of financial statements; and (iii) possible amendments to the presentation requirements in IAS 1, Presentation of Financial Statements, for minimum line items in the statement(s) of financial performance. The Board tentatively decided not to require presentation of EBITDA in the statement(s) of financial performance, and not to require its disclosure in the notes. The Board also tentatively decided (a) to develop illustrative examples (including for different types of entities) to assist preparers of financial statements; and (b) to clarify that certain line items are required to be presented separately in the statement(s) of financial performance. 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.

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