CERTYNEX IFRS ACADEMY

Vigne SA reports several subtotals outside its financial statements. Which one is a subtotal required by IFRS 18, which the standard distinguishes from management-defined performance measures?

Operating profit, which the statement of profit or loss must present.

A "current operating profit" that management calculates by excluding restructuring costs.

An "operating profit before brand impairment" that management defines and publishes in its press release.

A "recurring result" that management calculates without the items it considers unrepresentative.