OTHER COMPREHENSIVE INCOME NATURAL PRESENTATION

FUNCTIONAL PRESENTATION Net sales xx

Net Sales xx Other income xx
Cost of goods sold (xx) Investment income xx
Gross Profit xx Total Income xx
Investment income xx Purchase of inventory (xx)
Other income xx Increase in inventory xx
Total income xx Decrease in inventory (xx)
Selling expense (xx) Depreciation (xx)
Administrative expense (xx) Doubtful accounts (xx)
Finance cost (xx) Salaries expense (xx)
Other expense (xx) Finance cost (xx)
Income before tax xx Income before tax xx
Income tax expense (xx) Income tax expense (xx)
Income from continuing operations xx Income from continuing operations xx
Income from discontinued operation xx Income from discontinued operation xx
Net Income xx Net income xx
Other comprehensive income Other comprehensive income
May be reclassified to P/L xx May be reclassified to P/L xx
May not be reclassified to P/L xx xx May not be reclassified to P/L xx xx
Total comprehensive income xx Total comprehensive income xx

OCI THAT MAY BE RECYCLED TO P/L

- Change in accounting policy
- Change in FV of a debt investment
o Required by PFRS
measured at FVOCI
o If there is no requirement by PFRS,
- Gain or loss on translating the FS of a
the change will result more relevant
foreign operation
and faithfully represented
- Unrealized gain or loss of derivative
information (voluntary change)
contracts designated as a cash flow hedge
- Reporting change in accounting policy
o Transitional provisions
OCI THAT MAY NOT BE RECYCLE TO P/L
o If no transitional provisions, apply
(RECYCLED TO RE) retrospectively
- Change in FV of an equity investment o If retrospectively, restate the
measured at FVOCI FS of prior periods
- Net remeasurement gain or loss on defined
ACCOUNTING ESTIMATE
benefit plans
- Change in accounting estimate
- Gain or loss on credit risk of a financial
o Normal recurring correction or
liability designated at FVPL (fair value
adjustment to an asset or liability
option)
o New information or new
- Revaluation surplus during the year
development
- Reporting change in accounting estimate
ACCOUNTING CHANGES o Currently and prospectively by
ACCOUNTING POLICY including in P/L
- Principles, bases, conventions, rules and  Period of change only
practices applied in preparing and  Period of change and future
presenting the FS periods