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Disclosure initiative — Primary Financial Statements – International Accounting Standards Board

Date recorded:

At its meeting on September 19 and 20, 2018, the International Accounting Standards Board (the Board) discussed:

  1. the scope of proposals for subtotals in the statement of profit or loss, including: the proposal for a "profit before finance income/expenses and income tax" subtotal, the proposal for a "profit before income/expenses from investments, finance income/expenses and income tax" subtotal, the implications of scope proposals for the presentation of subtotals by entities with more than one main business activity and the implications of the scope proposals for the presentation of the share of profit from investments in associates and joint ventures.
  2. providing information about unusual or infrequent items;
  3. introducing indicators for making the split between ‘integral’ and ‘non-integral’ associates and joint ventures; and
  4. moving the Primary Financial Statements project from the research programme to the standard-setting programme.

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

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