Functional Presentation
Net Sales xx
Cost of Goods Sold (xx)
Gross Profit xx
Investment Income xx
Other Income xx
Total Income xx
Selling Expense (xx)
Administrative Expense (xx)
Finance Cost (xx)
Other Expenses (xx)
Income before Tax xx
Income Tax Expense (xx)
Income from Continuing Operation xx
Income from Discontinued Operation (xx)
Net Income xx
Other Comprehensive Income
May be reclassified to profit or loss xx
May not be reclassified to profit or loss xx xx
Total Comprehensive Income xx
Accounting Policy - policy, bases, rules and practices applied in preparing and presenting the
financial statements.
Change in Accounting Policy:
1. Required by IFRS
2. If no requirement, the change will result in more relevant and faithfully represented
information.
Reporting Change in Accounting Policy:
1. Transitional provisions in the standard
2. If no transitional provisions, apply retrospectively
*If retrospectively, restate financial statements of prior periods.
Net Sales xx
Cost of Goods Sold (xx)
Gross Profit xx
Investment Income xx
Other Income xx
Total Income xx
Selling Expense (xx)
Administrative Expense (xx)
Finance Cost (xx)
Other Expenses (xx)
Income before Tax xx
Income Tax Expense (xx)
Income from Continuing Operation xx
Income from Discontinued Operation (xx)
Net Income xx
Other Comprehensive Income
May be reclassified to profit or loss xx
May not be reclassified to profit or loss xx xx
Total Comprehensive Income xx
Accounting Policy - policy, bases, rules and practices applied in preparing and presenting the
financial statements.
Change in Accounting Policy:
1. Required by IFRS
2. If no requirement, the change will result in more relevant and faithfully represented
information.
Reporting Change in Accounting Policy:
1. Transitional provisions in the standard
2. If no transitional provisions, apply retrospectively
*If retrospectively, restate financial statements of prior periods.
