IFRS Foundation
Example 2 2006-12-31 Example 2 2007-12-31 Example 2 2006-01-01 2006-12-31 Example 2 2007-01-01 2007-12-31 Example 2 2006-12-31 ifrs:EquityAttributableToOwnersOfParentMember Example 2 2006-12-31 ifrs:NoncontrollingInterestsMember Example 2 2006-12-31 ifrs:IssuedCapitalMember Example 2 2006-12-31 ifrs:RetainedEarningsMember Example 2 2006-12-31 ifrs:ReserveOfExchangeDifferencesOnTranslationMember Example 2 2006-12-31 ifrs:ReserveOfCashFlowHedgesMember Example 2 2006-12-31 ifrs:RevaluationSurplusMember Example 2 2005-12-31 Example 2 2005-12-31 ifrs:EquityAttributableToOwnersOfParentMember Example 2 2005-12-31 ifrs:NoncontrollingInterestsMember Example 2 2005-12-31 ifrs:IssuedCapitalMember Example 2 2005-12-31 ifrs:RetainedEarningsMember Example 2 2005-12-31 ifrs:ReserveOfExchangeDifferencesOnTranslationMember Example 2 2005-12-31 ifrs:ReserveOfCashFlowHedgesMember Example 2 2007-12-31 ifrs:EquityAttributableToOwnersOfParentMember Example 2 2007-12-31 ifrs:NoncontrollingInterestsMember Example 2 2007-12-31 ifrs:IssuedCapitalMember Example 2 2007-12-31 ifrs:RetainedEarningsMember Example 2 2007-12-31 ifrs:ReserveOfExchangeDifferencesOnTranslationMember Example 2 2007-12-31 ifrs:ReserveOfCashFlowHedgesMember Example 2 2007-12-31 ifrs:RevaluationSurplusMember Example 2 2006-01-01 2006-12-31 ifrs:EquityAttributableToOwnersOfParentMember Example 2 2006-01-01 2006-12-31 ifrs:NoncontrollingInterestsMember Example 2 2006-01-01 2006-12-31 ifrs:RetainedEarningsMember Example 2 2006-01-01 2006-12-31 ifrs:ReserveOfExchangeDifferencesOnTranslationMember Example 2 2006-01-01 2006-12-31 ifrs:ReserveOfCashFlowHedgesMember Example 2 2006-01-01 2006-12-31 ifrs:RevaluationSurplusMember Example 2 2007-01-01 2007-12-31 ifrs:EquityAttributableToOwnersOfParentMember Example 2 2007-01-01 2007-12-31 ifrs:NoncontrollingInterestsMember Example 2 2007-01-01 2007-12-31 ifrs:IssuedCapitalMember Example 2 2007-01-01 2007-12-31 ifrs:RetainedEarningsMember Example 2 2007-01-01 2007-12-31 ifrs:ReserveOfExchangeDifferencesOnTranslationMember Example 2 2007-01-01 2007-12-31 ifrs:ReserveOfCashFlowHedgesMember Example 2 2007-01-01 2007-12-31 ifrs:RevaluationSurplusMember Example 2 2005-12-31 ifrs:PreviouslyStatedMember Example 2 2005-12-31 ifrs:FinancialEffectOfChangesInAccountingPolicyMember Example 2 2005-12-31 ifrs:EquityAttributableToOwnersOfParentMember ifrs:PreviouslyStatedMember Example 2 2005-12-31 ifrs:EquityAttributableToOwnersOfParentMember ifrs:FinancialEffectOfChangesInAccountingPolicyMember Example 2 2005-12-31 ifrs:NoncontrollingInterestsMember ifrs:PreviouslyStatedMember Example 2 2005-12-31 ifrs:NoncontrollingInterestsMember ifrs:FinancialEffectOfChangesInAccountingPolicyMember Example 2 2005-12-31 ifrs:IssuedCapitalMember ifrs:PreviouslyStatedMember Example 2 2005-12-31 ifrs:RetainedEarningsMember ifrs:PreviouslyStatedMember Example 2 2005-12-31 ifrs:RetainedEarningsMember ifrs:FinancialEffectOfChangesInAccountingPolicyMember Example 2 2005-12-31 ifrs:ReserveOfExchangeDifferencesOnTranslationMember ifrs:PreviouslyStatedMember Example 2 2005-12-31 ifrs:ReserveOfCashFlowHedgesMember ifrs:PreviouslyStatedMember Example 2 2005-12-31 ifrs:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember Example 2 2005-12-31 ifrs:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember ifrs:PreviouslyStatedMember Example 2 2006-12-31 ifrs:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember Example 2 2007-12-31 ifrs:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember Example 2 2006-01-01 2006-12-31 ifrs:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember Example 2 2007-01-01 2007-12-31 ifrs:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember iso4217:EUR iso4217:EUR xbrli:shares

IFRS Taxonomy 2011 – Illustrative examples

Statement of financial position, statement of comprehensive income, and statement of changes in equity

Examples from IAS 1 (IG 6) representing ways in which the requirements of IAS 1 for the presentation of the statements of financial position, comprehensive income and statement of changes in equity might be met using detailed XBRL tagging with the use of XBRL footnotes.

XYZ Group – Statement of financial position as at 31 December 20X7

(in thousands of currency units)

31 Dec 20X7

31 Dec 20X6

ASSETS

Non-current assets

Property, plant and equipment

350,700

360,020

Goodwill

80,800

91,200

Other intangible assets

227,470

227,470

Investments in associates

100,150

110,770

Investments in equity instruments

142,500

156,000

901,620

945,460

Current assets

Inventories

135,230

132,500

Trade receivables

91,600

110,800

Other current assets

25,650

12,540

Cash and cash equivalents

312,400

322,900

564,880

578,740

Total assets

1,466,500

1,524,200

XYZ Group – Statement of financial position as at 31 December 20X7

(in thousands of currency units)

EQUITY AND LIABILITIES

Equity attributable to owners of the parent

Share capital

650,000

600,000

Retained earnings

243,500

161,700

Other components of equity

10,200

21,200

903,700

782,900

Non-controlling interests

70,050

48,600

Total equity

973,750

831,500

Non-current liabilities

Long-term borrowings

120,000

160,000

Deferred tax

28,800

26,040

Long-term provisions

28,850

52,240

Total non-current liabilities

177,650

238,280

Current liabilities

Trade and other payables

115,100

187,620

Short-term borrowings

150,000

200,000

Current portion of long-term borrowings

10,000

20,000

Current tax payable

35,000

42,000

Short-term provisions

5,000

4,800

Total current liabilities

315,100

454,420

Total liabilities

492,750

692,700

Total equity and liabilities

1,466,500

1,524,200

XYZ Group – Statement of comprehensive income for the year ended
31 December 20X7

(illustrating the presentation of comprehensive income in one
statement and the classification of expenses within profit by function)

(in thousands of currency units)

20X7

20X6

Revenue

390,000

355,000

Cost of sales

( 238,000)

( 219,500)

Gross profit

152,000

135,500

Other income

20,667

11,300

Distribution costs

( 9,000)

( 8,700)

Administrative expenses

( 20,000)

( 21,000)

Other expenses

( 2,100)

( 1,200)

Finance costs

( 15,000)

( 18,000)

Share of profit of associates(a)

35,100

30,100

Profit before tax

161,667

128,000

Income tax expense

( 40,417)

( 32,000)

Profit for the year from continuing operations

121,250

96,000

Loss for the year from discontinued operations

( 30,500)

PROFIT FOR THE YEAR

121,250

65,500

Other comprehensive income:

Exchange differences on translating foreign operations(b)

5,334

10,667

Investments in equity instruments

( 24,000)

26,667

Cash flow hedges(b)

( 667)

( 4,000)

Gains on property revaluation

933

3,367

Actuarial gains (losses) on defined benefit pension plans

( 667)

1,333

Share of other comprehensive income of associates(c)

400

( 700)

Income tax relating to components of other comprehensive income(d)

4,667

( 9,334)

Other comprehensive income for the year, net of tax

( 14,000)

28,000

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

107,250

93,500

XYZ Group – Statement of comprehensive income for the year ended
31 December 20X7

(illustrating the presentation of comprehensive income in one
statement and the classification of expenses within profit by function)

(in thousands of currency units)

20X7

20X6

Profit attributable to:

Owners of the parent

97,000

52,400

Non-controlling interests

24,250

13,100

121,250

65,500

Total comprehensive income attributable to:

Owners of the parent

85,800

74,800

Non-controlling interests

21,450

18,700

107,250

93,500

Earnings per share (in currency units):

Basic and diluted

0.46

0.30

Alternatively, components of other comprehensive income could be presented in the statement of comprehensive income net of tax:

Other comprehensive income for the year, after tax:

20X7

20X6

Exchange differences on translating foreign operations

4,000

8,000

Investments in equity instruments

( 18,000)

20,000

Cash flow hedges

( 500)

( 3,000)

Gains on property revaluation

600

2,700

Actuarial gains (losses) on defined benefit pension plans

( 500)

1,000

Share of other comprehensive income of associates

400

( 700)

Other comprehensive income for the year, net of tax (d)

( 14,000)

28,000

(a)  This means the share of associates’ profit attributable to owners of the associates, ie it is after tax and non-controlling interests in the associates.

(b)  This illustrates the aggregated presentation, with disclosure of the current year gain or loss and reclassification adjustment presented in the notes.  Alternatively, a gross presentation can be used.

(c)   This means the share of associates’ other comprehensive income attributable to owners of the associates, ie it is after tax and non-controlling interests in the associates.

(d)  The income tax relating to each component of other comprehensive income is disclosed in the notes.

XYZ Group – Income statement for the year ended 31 December 20X7

(illustrating the presentation of comprehensive income in two statements and classification of expenses within profit by nature)

(in thousands of currency units)

20X7

20X6

Revenue

390,000

355,000

Other income

20,667

11,300

Changes in inventories of finished goods and work in progress

( 115,100)

( 107,900)

Work performed by the entity and capitalised

16,000

15,000

Raw material and consumables used

( 96,000)

( 92,000)

Employee benefits expense

( 45,000)

( 43,000)

Depreciation and amortisation expense

( 19,000)

( 17,000)

Impairment of property, plant and equipment

( 4,000)

Other expenses

( 6,000)

( 5,500)

Finance costs

( 15,000)

( 18,000)

Share of profit of associates(e)

35,100

30,100

Profit before tax

161,667

128,000

Income tax expense

( 40,417)

( 32,000)

Profit for the year from continuing operations

121,250

96,000

Loss for the year from discontinued operations

( 30,500)

PROFIT FOR THE YEAR

121,250

65,500

Profit attributable to:

Owners of the parent

97,000

52,400

Non-controlling interests

24,250

13,100

121,250

65,500

Earnings per share (in currency units):

Basic and diluted

0.46

0.30

(e)  This means the share of associates’ profit attributable to owners of the associates, ie it is after tax and non-controlling interests in the associates.

XYZ Group – Statement of comprehensive income for the year ended
31 December 20X7

(illustrating the presentation of comprehensive income in two statements)

(in thousands of currency units)

20X7

20X6

Profit for the year

121,250

65,500

Other comprehensive income:

Exchange differences on translating foreign operations

5,334

10,667

Investments in equity instruments

( 24,000)

26,667

Cash flow hedges

( 667)

( 4,000)

Gains on property revaluation

933

3,367

Actuarial gains (losses) on defined benefit pension plans

( 667)

1,333

Share of other comprehensive income of associates(f)

400

( 700)

Income tax relating to components of other comprehensive income(g)

4,667

( 9,334)

Other comprehensive income for the year, net of tax

( 14,000)

28,000

TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

107,250

93,500

Total comprehensive income attributable to:

Owners of the parent

85,800

74,800

Non-controlling interests

21,450

18,700

107,250

93,500

Alternatively, components of other comprehensive income could be presented, net of tax.  Refer to the statement of comprehensive income illustrating the presentation of income and expenses in one statement.

(f)

This means the share of associates’ other comprehensive income attributable to owners of the associates, ie it is after tax and non-controlling interests in the associates.

(g)

The income tax relating to each component of other comprehensive income is disclosed in the notes.

XYZ Group - Disclosure of components of other comprehensive income

Notes

Year ended 31 December 20X7

(in thousands of currency units)

20X7

20X6

Other comprehensive income:

Exchange differences on translating foreign operations(i)

5,334

10,667

Investments in equity instruments

( 24,000)

26,667

Cash flow hedges:

Gains (losses) arising during the year

( 4,667)

( 4,000)

Less: Reclassification adjustments for gains (losses) included in profit or loss

3,333

Less: Adjustments for amounts transferred to initial carrying amount of hedged items

667

(667)

( 4,000)

Gains on property revaluation

933

3,367

Actuarial gains (losses) on defined benefit pension plans

( 667)

1,333

Share of other comprehensive income of associates

400

( 700)

Other comprehensive income

( 18,667)

37,334

Income tax relating to components of other comprehensive income(j)

4,667

( 9,334)

Other comprehensive income for the year (h)

( 14,000)

28,000

(h)

When an entity chooses an aggregated presentation in the statement of comprehensive income, the amounts for reclassification adjustments and current year gain or loss are presented in the notes.

(i)

There was no disposal of a foreign operation. Therefore, there is no reclassification adjustment for the years presented.

(j)

The income tax relating to each component of other comprehensive income is disclosed in the notes.

XYZ Group - Disclosure of tax effects relating to each component of other
comprehensive income

Notes

Year ended 31 December 20X7

(in thousands of currency units)                                                                                                                                        

20X7

20X6

Before-tax amount

Tax (expense) benefit

Net-of-tax amount

Before-tax amount

Tax (expense)benefit

Net-of-tax amount

Exchange
differences on translating
foreign
operations

5,334

( 1,334)

4,000

10,667

( 2,667)

8,000

Investments in equity instruments

( 24,000)

6,000

( 18,000)

26,667

( 6,667)

20,000

Cash flow hedges

( 667)

167

( 500)

( 4,000)

1,000

( 3,000)

Gains on
property
revaluation

933

( 333)

600

3,367

( 667)

2,700

Actuarial gains
(losses) on
defined benefit
pension plans

( 667)

167

( 500)

1,333

( 333)

1,000

Share of other comprehensive
income of
associates

400

400

( 700)

( 700)

Other
comprehensive
income

( 18,667)

4,667

( 14,000)

37,334

( 9,334)

28,000

XYZ Group – Statement of changes in equity for the year ended
31 December 20X7

(in thousands of currency units)

Share capital

Retained earnings

Translation of foreign operations

Investments in equity instruments

Cash flow hedges

Revaluation surplus

Total

Non-controlling interests

Total equity

Balance at
1 January  20X6

600,000

118,100

( 4,000)

1,600

2,000

717,700

29,800

747,500

Changes in accounting policy

400

400

100

500

Restated balance

600,000

118,500

( 4,000)

1,600

2,000

718,100

29,900

748,000

Changes in equity for 20X6

Dividends

( 10,000)

( 10,000)

( 10,000)

Total comprehensive income for the year(k)

53,200

6,400

16,000

( 2,400)

1,600

74,800

18,700

93,500

Balance at
31 December 20X6

600,000

161,700

2,400

17,600

( 400)

1,600

782,900

48,600

831,500

Changes in equity for 20X7

Issue of share capital

50,000

50,000

50,000

Dividends

( 15,000)

( 15,000)

( 15,000)

Total comprehensive income for the year(l)

96,600

3,200

( 14,400)

( 400)

800

85,800

21,450

107,250

Transfer to retained earnings

200

( 200)

Balance at
31 December 20X7

650,000

243,500

5,600

3,200

( 800)

2,200

903,700

70,050

973,750

(k)

The amount included in retained earnings for 20X6 of 53,200 represents profit attributable to owners of the parent of 52,400 plus actuarial gains on defined benefit pension plans of 800 ( 1,333, less tax 333, less non-controlling interests 200). The amount included in the translation, investments in equity instruments and cash flow hedge reserves represent other comprehensive income for each component, net of tax and non-controlling interests, eg other comprehensive income related to investments in equity instruments for 20X6 of 16,000 is 26,667, less tax 6,667, less non-controlling interests 4,000. The amount included in the revaluation surplus of 1,600 represents the share of other comprehensive income of associates of ( 700) plus gains on property revaluation of 2,300 ( 3,367, less tax 667, less non-controlling interests 400).  Other comprehensive income of associates relates solely to gains or losses on property revaluation.

(l)

The amount included in retained earnings for 20X7 of 96,600 represents profit attributable to owners of the parent of 97,000 plus actuarial losses on defined benefit pension plans of 400 ( 667, less tax 167, less non-controlling interests 100). The amount included in the translation, investments in equity instruments and cash flow hedge reserves represents other comprehensive income for each component, net of tax and non-controlling interests, eg other comprehensive income related to the translation of foreign operations for 20X7 of 3,200 is 5,334, less tax 1,334, less non-controlling interests 800. The amount included in the revaluation surplus of 800 represents the share of other comprehensive income of associates of 400 plus gains on property revaluation of 400 ( 933, less tax 333, less non-controlling interests 200).  Other comprehensive income of associates relates solely to gains or losses on property revaluation.


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