Disclosure Initiative: Primary Financial Statements – International Accounting Standards Board

Date recorded:

At its meeting on May 22-24, 2023, the IASB tentatively decided to clarify that management performance measures are measures that reflect management’s view of the performance of the entity as a whole, to confirm the proposal in paragraph B83 of the Exposure Draft, which states that, if one or more of an entity’s management performance measures are the same as part of the operating segment information disclosed by the entity in applying IFRS 8, the entity may disclose information about those management performance measures in the same note as the operating segment information, provided the entity either, includes in that note all the information required to be disclosed for management performance measures; or includes in a separate note all the information required for management performance measures. The IASB asked the staff to consider the relationship between paragraph B83 and the general requirement for presentation of notes in a systematic manner in paragraph 97 of the Exposure Draft when drafting the proposed Standard. The IASB discussed other outstanding issues related to management performance measures for which the staff had concluded no further action was required. It also discussed a consequential amendment to paragraph 23(f) of IFRS 8, which refers to a requirement in IAS 1 Presentation of Financial Statements to disclose the nature and amount of items of income or expense separately when they are material.

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