Difference between revisions of "CSCI"

Revision as of 23:10, 22 June 2017

A Statement of Comprehensive Income is a statement of the Financial performance of a business or organization over a given time.

Alternative names for Statement of Comprehensive Income include: Consolidated Statement of Comprehensive Income, Income Statement, Profit & Loss Statement

Related Financial Statements include: Statement of Financial Position, Statement of Cash Flows.

Illustrative Example

A typical Statement of Comprehensive Income consists of the following:

Statement of Comprehensive Income
	CY $'000	CY-1 $'000
Comprehensive Income from Operating Activities
Revenue	390,000	355,000
Cost of Goods Sold (Cost of Sales)	(238,000)	(219,500)
Gross Profit	152,000	135,500
Other Operating Income	20,667	11,300
Distribution Costs	(9,000)	(8,700)
Administrative Expenses	(20,000)	(21,000)
Other Expenses	(2,100)	(1,200)
Profit before Tax	161,667	128,000
Income Tax Expense	(40,417)	(32,000)
Profit from Continued Operations	121,250	96,000
Losses from Discontinued Operations	–	(30,500)
Profit	121,250	65,500
Other Comprehensive Income
Items Not To Be Reclassified
Gains on Property Revaluation	933	3,367
Investments in Equity Instruments	(24,000)	26,667
Remeasurements of Defined Benefit Pension Plans	(667)	1,333
Gain (Loss) on Property Revaluation of Associates	400	(700)
Income Tax Relating to Items Not To Be Reclassified	5,834	(7,667)
Items Not To Be Reclassified	(17,500)	23,000
Items that May Be Reclassified
Exchange Differences on Foreign Operations	5,334	10,667
Cash Flow Hedges	(667)	(4,000)
Income Tax Relating to Items that May Be Reclassified	(1,167)	(1,667)
Items that May Be Reclassified	3,500	5,000
Other Comprehensive Income	(14,000)	28,000
Total Comprehensive Income	107,250	93,500

Example based on IFRS Taxonomy Illustrative Examples Supply Chain Costs Other Operational Expenses

Metric(s)

ID	Name	Level	x
CO1	Supply Chain Costs	1	CO1
CO11	Cost of Goods Sold	2	CO11
CO12	Distribution Costs	2	CO12
CO13	Other Operational Expenses	2	CO13

Term(s)

ID	Name	x
IAS01	IAS 1 Presentation of Financial Statements	IAS01
IFRS10	IFRS 10 Consolidated Financial Statements	IFRS10
IFRS07	IFRS 7 Disclosures	IFRS07
IFRS	International Financial Reporting Standards	IFRS

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