CERTYNEX IFRS ACADEMY

A management controller describes operating profit of Tilleul SA under IFRS 18. Which of the controller's sentences is wrong?

Operating profit includes interest income received on cash and cash equivalents.

Operating profit is the total of the income and expenses of the operating category, as it appears in the statement of profit or loss.

Operating profit does not include the expenses of the financing category, which come after profit before financing and income taxes.

Operating profit is one of the subtotals that the statement of profit or loss must present.