Statement Of Comprehensive Income Example Philippines

A statement of comprehensive income that begins with profit or loss bottom line of the income statement and displays the items of other comprehensive income for the reporting period ias 1 p 81 so the statement of comprehensive income aggregates income statement profit and loss statement and other comprehensive income which isn t.

Statement of comprehensive income example philippines. Net income before comprehensive income 242 220 235 912 306 416 other comprehensive income net income 242 220 235 912 306 416 11 8 2017. Presentation of financial statements 231. This is a task you may need to complete in your exam. Ii consolidated income statement and consolidated statement of comprehensive income two statement approach 225 iii consolidated statement of cash flows direct method 229 iv example disclosures for entities that early adopt.

A statement of comprehensive income contains two main things. Whenever ci is listed on the balance sheet the statement of comprehensive income must be included in the general purpose financial statements to give external users details about how ci is computed. A corporation wholly owned by the government of the republic of the philippines statement of financial position assets september 2017 december 2016. While it is arrived at through the income statement the net profit is also used in both the balance sheet and the cash flow statement.

Net comprehensive income 506 299 2 744 596 see accompanying notes to financial statements philippine international trading corporation statement of comprehensive income for the year ended december 31 2014 with corresponding figures for 2013 in philippine peso 10 24 1. But don t depend solely on it. The net income net income net income is a key line item not only in the income statement but in all three core financial statements. Statement of comprehensive income.

Unaudited as of september 30 2017 in philippine peso. This video explains how to use financial information to complete a statement of comprehensive income. A standard ci statement is usually attached to the bottom of the income statement and includes a separate heading. A statement of comprehensive income is the overall income statement that consolidates standard income statement which gives details about the repetitive operations of the company and other comprehensive income which gives details about the non operational transactions such as the sale of assets patents etc.

Presentation of items of other comprehensive income amendments to ias 1. The statement itself can consist of either one document or several.