Other comprehensive income presentation requires classified line items, tax disclosure, and reclassification adjustments in financial statements. Other comprehensive income must present line items grouped into items that will not be reclassified subsequently to profit or loss and items that will be reclassified when conditions are met, with the share of associates and joint ventures separated similarly. Subtotals in profit or loss are permitted only when relevant, must comprise Ind AS measured amounts, be clearly labelled, consistent and not more prominent than required totals. OCI reclassified to profit or loss must be removed from OCI and presented in profit or loss; extraordinary items are prohibited. Income tax relating to each OCI item, including reclassification adjustments, must be disclosed; OCI may be presented net of tax or before tax with allocated tax between reclassifying and non reclassifying items.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Other comprehensive income presentation requires classified line items, tax disclosure, and reclassification adjustments in financial statements.
Other comprehensive income must present line items grouped into items that will not be reclassified subsequently to profit or loss and items that will be reclassified when conditions are met, with the share of associates and joint ventures separated similarly. Subtotals in profit or loss are permitted only when relevant, must comprise Ind AS measured amounts, be clearly labelled, consistent and not more prominent than required totals. OCI reclassified to profit or loss must be removed from OCI and presented in profit or loss; extraordinary items are prohibited. Income tax relating to each OCI item, including reclassification adjustments, must be disclosed; OCI may be presented net of tax or before tax with allocated tax between reclassifying and non reclassifying items.
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