Under FRS 101 Presentation Of Financial Statement, How Is The Statement Of Changes In Equity Being Presented

November 30th, 2009 Comments off
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Items which are presented on the face of the financial statement of changes in equity:

  • Net profit or loss for the period

  • Items of income, gain, expense or loss that are directly recognized in the reserves in compliance with other accounting standards

  • Total profit attributable to equity holders and minority interests

  • Effect of changes in accounting policies and corrections of errors.

Items which can be presented on the face of the financial statement of changes in equity or in the notes to the financial statements:

  • Opening and closing balance of retained profit at the end of the period and the changes for the period

  • Opening and closing balance of each class of equity capital, share premium and each reserve and separately disclosing the changes during the period

  • Capital transactions with equity holders showing separately any distribution to equity owners.

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Financial Accounting


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