CERTYNEX IFRS ACADEMY

A trainee summarises the effects of IFRS 18 on the primary statements of Equinoxe SA. Which of the trainee's sentences is wrong?

The statement of changes in equity is entirely overhauled.

The major change concerns the statement of profit or loss.

The statement of financial position is little modified from IAS 1.

The structure of the statement of other comprehensive income is unchanged from IAS 1.