Examples from IFRS 1 (IG63) representing some of the disclosures required by IFRS 1 for reconciliation of equity and total comprehensive income in case of first-time adoption of IFRSs using detailed XBRL tagging.
Reconciliation of equity and total comprehensive income |
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Reconciliation of equity at 1 January 20X4 (date of transition to IFRSs) |
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Previous GAAP |
Effect of transition to IFRSs CU |
IFRSs |
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Property, plant and equipment |
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Goodwill |
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Intangible assets |
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Financial assets |
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Total non-current assets |
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Trade and other receivables |
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Inventories |
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Other receivables |
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Cash and cash equivalents |
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Total current assets |
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Total assets |
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Interest-bearing loans |
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Trade and other payables |
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Employee benefits |
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Restructuring provision |
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Current tax liability |
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Deferred tax liability |
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Total liabilities |
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Total assets less total liabilities |
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Issued capital |
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Cash flow hedge reserve |
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Retained earnings |
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Total equity |
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Reconciliation of total comprehensive income for 20X4 |
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Note |
Previous GAAP |
Effect of transition to IFRSs CU |
IFRSs |
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Revenue |
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Cost of sales |
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( |
( |
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Gross profit |
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Other income |
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Distribution costs |
( |
( |
( |
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Administrative expenses |
( |
( |
( |
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Finance income |
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Finance costs |
( |
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Profit before tax |
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( |
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Tax expense |
( |
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( |
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Profit (loss) for the year |
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( |
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Cash flow hedges |
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( |
( |
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Tax relating to other comprehensive income |
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( |
( |
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Other comprehensive income |
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( |
( |
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Total comprehensive income |
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( |
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