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Litigation settlements

Items and disclosures[edit]

The statement of comprehensive income should include:[5] (IAS 1.82)

  1. Revenue
  2. Finance costs (including interest expenses)
  3. Share of the profit or loss of associates and joint ventures accounted for using the equity method
  4. Tax expense
  5. single amount comprising the total of (1) the post-tax profit or loss of discontinued operations and (2) the post-tax gain or loss recognised on the disposal of the assets or disposal group(s) constituting the discontinued operation
  6. Profit or loss
  7. Each component of other comprehensive income classified by nature
  8. Share of the other comprehensive income of associates and joint ventures accounted for using the equity method
  9. Total comprehensive income

The following items must also be disclosed in the statement of comprehensive income as allocations for the period: (IAS 1.83)

  • Profit or loss for the period attributable to non-controlling interests and owners of the parent
  • Total comprehensive income attributable to non-controlling interests and owners of the parent

No items may be presented in the statement of comprehensive income (or in the income statement, if separately presented) or in the notes as extraordinary items.