International Financial Reporting Standards (IFRS)

IFRS for Small and Medium-sized Entities (SMEs)
Section 6: Statement of Changes in Equity and Statement of Income and Retained Earnings

1. Statement of Changes in Equity presents:
(1) Total comprehensive income
--> separately for (1a) and (1b)
--> (1a) non-controlling interest
--> (1b) owners of parent entity

(2) Reconciliation between beginning and ending balances
--> for each component of equity
--> changes from (2a), (2b), (2c) are reported separately
--> (2a) profit or loss (PL)
--> (2b) other comprehensive income (OCI)
--> (2c) investments by owners and distributions to owners

(3) Effects of retrospective application or restatement
--> for each component of equity

2. Statement of Income and Retained Earnings
--> (A) and (B) may be replaced by (C)
--> if the conditions in (D) are met

(A) Statement of Comprehensive Income
(B) Statement of Changes in Equity
(C) Statement of Income and Retained Earnings

(D) Equity changes are limited to the following:
--> (D1) profit or loss
--> (D2) dividends
--> (D3) prior period error correction
--> (D4) accounting policy change