This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Financial statement presentation — Other comprehensive income


This project involves a proposal for a possible limited scope amendment to IAS 1 Presentation of Financial Statements that would require all entities to present a single statement of comprehensive income, so removing the 'two statement approach' (separate statements of income and comprehensive income) currently permitted by IAS 1.

This project arose out of the comprehensive project on financial statement presentation.


Current status of the project

This project has been completed, but the option of using two statements has ultimately been retained. The IASB issued Presentation of Items of Other Comprehensive Income (Amendments to IAS 1) on 16 June 2011.


Project milestones

October 2009 Added to the IASB's active agenda
27 May 2010 Exposure Draft ED/2010/5 Presentation of Items of Other Comprehensive Income Comment deadline 30 September 2010
6 June 2011 Staff draft of amendments to IAS 1 published
16 June 2011 Presentation of Items of Other Comprehensive Income (Amendments to IAS 1) published Applicable to annual periods beginning on or after 1 July 2012

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.