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Other comprehensive income OCI is defined as comprising items of income.

Statement of comprehensive loss. Statement of Comprehensive Income records both operating profit and loss and other comprehensive income which is not from normal operating activities. The statement of comprehensive income covers the same period of time as the income statement and consists of two major sections. 1 to consider important issues dealing with the content presentation and disclosure of net profit or loss and other components of comprehensive income and 2 to examine common ratios used in profitability analysis.

Statement of Comprehensive Income refers to the statement which contains the details of the revenue income expenses or loss of the company that is not realized when a company prepares the financial statements of the accounting period and the same is presented after net income on the companys income statement. The performance of a company is reported in the statement of profit or loss and other comprehensive income. Group statement of comprehensive income loss Download this statement in Excel.

- the statement of profit or loss includes all realised gains and losses eg. Statement of other Comprehensive Income. The statement should be classified and aggregated in a manner that makes it understandable and.

It summarizes all the sources of revenue and expenses including taxes and interest charges Interest Expense Interest expense arises out of a. Net income or net earnings from the companys income statement. On the one hand the profit and loss account and on the other hand the statement of comprehensive income here will be disclosed the net income that is calculated in the profit and loss account as well as the gains and losses recognized directly in equity.

Cumulative gain loss previously recognised in other comprehensive income arising from reclassification of financial assets out of fair value through other comprehensive income into fair value through profit or loss measurement category. The Statement of Profit or Loss and Other Comprehensive Income Overview. Statements of profit or loss and other comprehensive income statement of changes in equity and statement of cash flows.

One single statement Statement of comprehensive income for the year ended 31 March 20X8. Items that will not be reclassified to the Group income statement. The gain is not realised until the asset is.

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