CERTYNEX IFRS ACADEMY

Fjord SA presents its operating expenses by function and a line "Other expenses" of EUR 410,000. It is made up of losses on trade receivables of EUR 250,000, identified and followed by users, and various small amounts of EUR 160,000, which are immaterial (case facts). How must Fjord treat this line?

Keep the "Other expenses" line for the EUR 410,000, with no further detail, since grouping avoids multiplying lines and presentation by function does not require it.

Give a more specific label to the losses on receivables, and keep "other" for the small amounts, providing the information on items so labelled.

Remove the line from the statement of profit or loss and carry the EUR 410,000 in the notes, outside the totals.

Rename the line "Sundry" with no other change, the label "other" being prohibited for expenses.