CERTYNEX IFRS ACADEMY

Gridal, listed and subject to IAS 33, applies for the first time an IFRS that changes several line items. What amount must it disclose for the current period and each prior period presented, to the extent practicable?

Only the overall effect on net profit, with no line-by-line detail.

The amount of the adjustment for each line item affected and for basic and diluted earnings per share.

No amount: the nature of the change is enough.

The effect on closing equity only, for the current period alone.