Retrospective application and restated comparative

Learning objectives

• Explain the restatement of comparative information.L2
• Calculate the difference between a restated subtotal and the one presented under IAS 1.L2, L3, L4

Normative references

• IFRS 18 §C2IFRS 18 is applied retrospectively in accordance with IAS 8: comparative information is restated, and the entity is exempt from the quantitative information required by IAS 8 para. 28(f) (adjustment for each line item and for earnings per share).

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

3 questions

• Hydra SA, which closes on 31 December, applies IFRS 18 for 2027 and restates its 2026 comparative. In that comparative, it reclassifies EUR 120,000 of interest income on cash from the operating category to the investing category (case facts). What follows for the 2026 comparative?L2
• In its 2026 comparative presented under IAS 1, Delta SA showed an "operating result" of {previous_result}, which included interest received on cash of {interest_income_moved} and the share of profit of a joint venture of {jv_share_moved}. When IFRS 18 is applied retrospectively, those two items fall in the investing category (entity with no specified main business activity). Calculate the restated operating profit of the comparative, then the difference from the subtotal presented under IAS 1.L3
• Quai SA prepared its 2026 comparative under IAS 1 by showing in operating expenses {bond_interest_restated} of interest on bonds issued solely to raise finance. For its first IFRS 18 year (2027), it restates the 2026 comparative and classifies that expense in the financing category (case facts: entity with no specified main business activity). Record the presentation entry for the restatement of the comparative.L2