Statement of Comprehensive Income

The statement of comprehensive income is one of the five financial statements required in a
complete set of financial statements for distribution outside of a corporation.
The statement of comprehensive income covers the same period of time as the income
statement and consists of two major sections:

 Net income (or net earnings) from the company's income statement
 Other comprehensive income, which consists of positive and/or negative amounts for
foreign currency translation and hedges, and a few other items.

The totals from each of the above sections are summed and are presented as comprehensive
income.

The Statement of Comprehensive Income provides a summary of a company’s net assets (those
obtained from sources other those of the business owner) over a given period of time. In other
words, the statement highlights the adjustments on equity during a given timeframe.

A statement of comprehensive income contains two main things: the net income and other
comprehensive income (OCI). The net income is the result obtained by preparing an income
statement. On the other hand, OCI consists of all the other items that are excluded from the
income statement.

Example:
Statement of Financial Position