Subtotals excluded from the definition

Learning objectives

• Distinguish a management-defined measure from a listed subtotal.L1
• Identify subtotals excluded from the definition.L1, L2

Normative references

• IFRS 18 §118The following are not management-defined performance measures: gross profit (revenue less cost of sales) and similar subtotals; operating profit or loss before depreciation, amortisation and impairments within IAS 36; operating profit or loss plus income and expenses from all equity-accounted investments; for an entity within para. 73, the subtotal comprising operating profit or loss and the investing category; profit or loss before income taxes; profit or loss from continuing operations.

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

3 questions

• Operating profit, a subtotal specified by IFRS 18, is not a management-defined performance measure.L1
• 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?L2
• On transition, Colza SA reconciles line by line the restated amounts of its 2026 comparative period with those presented under IAS 1. On the financing expenses line, the amount restated under IFRS 18 is {restated_line} and the amount presented under IAS 1 is {previous_line} (case data). Calculate the difference for this line.L2