The label "other"

Learning objectives

• Determine whether the label "other" is acceptable for an aggregation.L1
• Explain the information required about items labelled "other".L1, L2

Normative references

• IFRS 18 §B25The entity labels an item "other" only if it cannot find a more informative label; in that case, it describes the aggregate as precisely as possible (for example "other operating expenses") and, when an aggregate of immaterial items is large enough for users to question its content, it provides additional information (B26).

Original summaries of the paragraphs (reference register), never a quotation of the standard.

2 questions

• Under IFRS 18, on what condition is the label "other" acceptable in the financial statements?L1
• 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?L2