Separate income statement

Learning objectives

• Identify the presentation in a separate income statement when the entity prepares one.L3

Normative references

• IFRS 5 §33AIf the entity presents a separate statement of profit or loss apart from the statement presenting comprehensive income, the section on discontinued operations is presented in the statement of profit or loss.

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

1 question

• An entity presents its profit or loss in a separate income statement apart from the statement of comprehensive income. Where does the discontinued operations line appear?L3