The structure of the statement of profit or loss (continued)
The financing category includes income and expenses from things like bank loans or bonds, indeed any interest charges arising from liabilities of this general nature. IFRS 18 provides general guidance on which categories items should be included in, though in common with IAS 1 there is not too much prescription on how to report items at the detailed level. However, there is a list of items that must be shown as line items in the statement of profit or loss to be found in paragraphs 75 to 77 of IFRS 18. IFRS 18 also makes mention of other comprehensive income, those gains or losses which for whatever reason do not go to profit or loss, in line with previous requirements as per the soon to be redundant IAS 1.
IFRS 18 provides general guidance on which categories items should be included in, though in common with IAS 1 there is not too much prescription on how to report items at the detailed level.
IFRS 18 | THE STRUCTURE OF THE STATEMENT OF PROFIT OR LOSS
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