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A {{this}} is a statement of the [[Link::FA|Financial]] performance of a business or organization over a given time.

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

Related [[Link::FA|Financial]] Statements include: [[t:CSFP]], [[t:CSCF]].
==Illustrative Example==
A typical {{this}} consists of the following:

{| class="wikitable smwtable showheader fintable"
|+ {{this}}
|-
|
|'''CY'''

$'000
|'''CY-1'''

$'000
|-
|   ''Comprehensive Income from Operating Activities''|| ||
|-
|     Revenue||390,000||355,000
|-
|     [[Link::m:CO11]] (Cost of Sales)||(238,000)||(219,500)
|-
|     '''Gross Profit'''||'''152,000'''||'''135,500'''
|-
|     Other Operating Income||20,667||11,300
|-
|     [[Link::m:CO12]]||(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'''
|}
<small>Example based on IFRS Taxonomy Illustrative Examples</small>
[[Category:Term]][[Category:Finance]]
<ins>
[[Link::m:CO1]]
[[Link::m:CO13]]
</ins>
{{Object
|name=Statement of Comprehensive Income
}}

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@@ Line 3: / Line 3: @@
 Alternative names for {{this}} include: Consolidated Statement of Comprehensive Income, Income Statement, Profit & Loss Statement
-Related [[Link::FA|Financial]]  Statements include: [[t:CSFP]], [[t:CSCF]].
+Related [[Link::FA|Financial]]  Statements include: [[t:CSFP]], [[t:CSCF]], [[t:CSCE]].
 ==Illustrative Example==
 A typical {{this}} consists of the following:
@@ Line 80: / Line 80: @@
 [[Link::m:CO1]]
 [[Link::m:CO13]]
 </ins>
 {{Object
 |name=Statement of Comprehensive Income
 }}

t:CSCI - Revision history

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ORwiki at 18:02, 19 August 2020

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