Financial statement presentation: other comprehensive income

Date recorded:

A brief discussion of the 'OCI ED' (ED/2010/5) followed. EFRAG stated that it would support some elements of the OCI ED being finalised –in particular the categorisation of OCI between elements that would be reclassified to profit and loss and those that would not. Provided that the proposal was redeliberated in public, all necessary due process steps would have been followed. How the IASB finalised the proposals was not a critical issue.

The IASB noted this and said that some elements might be included in annual improvements or, more likely, bundled with the Employee Benefits amendments.

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