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IAS 1 Operating and Ordinary Activities

Date recorded:


The Board, in its Exposure Draft of Improvements to IAS 1 proposed deleting the requirement that the line items: “the results of operating activities” and “profit or loss from ordinary activities” be presented. Because some entities are likely to continue presenting these line items, either voluntarily or because they are required to (eg by local law), the IFRIC discussed whether it would be appropriate for it to give guidance on the types of items that would not be included in operating activities and ordinary activities.


Decision not to add

February 2003



The IFRIC agreed not to take this item on its agenda because it would be best dealt with as part of the joint IASB / FASB project on Reporting Comprehensive Income.


IFRIC reference: IAS 1

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.