XBRL attributes

IFRS Taxonomy 2021 – Illustrative examples

Statement of financial position, statement of comprehensive income, and statement of changes in equity

Examples from IAS 1 (IG 6) representing ways in which the requirements of IAS 1 for the presentation of the statements of financial position, comprehensive income and statement of changes in equity might be met using detailed XBRL tagging with the use of XBRL footnotes.

XYZ Group – Statement of financial position as at 31 December 20X7
(in thousands of currency units)
	31 Dec 20X7	31 Dec 20X6
ASSETS
Non-current assets
Property, plant and equipment	350,700	360,020
Goodwill	80,800	91,200
Other intangible assets	227,470	227,470
Investments in associates	100,150	110,770
Investments in equity instruments	142,500	156,000
	901,620	945,460
Current assets
Inventories	135,230	132,500
Trade receivables	91,600	110,800
Other current assets	25,650	12,540
Cash and cash equivalents	312,400	322,900
	564,880	578,740
Total assets	1,466,500	1,524,200

XYZ Group – Statement of financial position as at 31 December 20X7
(in thousands of currency units)
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Share capital	650,000	600,000
Retained earnings	243,500	161,700
Other components of equity	10,200	21,200
	903,700	782,900
Non-controlling interests	70,050	48,600
Total equity	973,750	831,500

Non-current liabilities
Long-term borrowings	120,000	160,000
Deferred tax	28,800	26,040
Long-term provisions	28,850	52,240
Total non-current liabilities	177,650	238,280

Current liabilities
Trade and other payables	115,100	187,620
Short-term borrowings	150,000	200,000
Current portion of long-term borrowings	10,000	20,000
Current tax payable	35,000	42,000
Short-term provisions	5,000	4,800
Total current liabilities	315,100	454,420
Total liabilities	492,750	692,700
Total equity and liabilities	1,466,500	1,524,200

Examples of statement of profit or loss and other comprehensive income when IFRS 9 Financial Instruments is applied

XYZ Group – Statement of comprehensive income for the year ended 31 December 20X7
(illustrating the presentation of profit or loss and other comprehensive income in one statement and the classification of expenses within profit or loss by function)
(in thousands of currency units)
	20X7	20X6
Revenue	390,000	355,000
Cost of sales	( 238,000)	( 219,500)
Gross profit	152,000	135,500
Other income	20,667	11,300
Distribution costs	( 9,000)	( 8,700)
Administrative expenses	( 20,000)	( 21,000)
Other expenses	( 2,100)	( 1,200)
Finance costs	( 15,000)	( 18,000)
Share of profit of associates^(a)	35,100	30,100
Profit before tax	161,667	128,000
Income tax expense	( 40,417)	( 32,000)
Profit for the year from continuing operations	121,250	96,000
Loss for the year from discontinued operations	–	( 30,500)
PROFIT FOR THE YEAR	121,250	65,500
Other comprehensive income:
Items that will not be reclassified to profit or loss:
Gains on property revaluation	933	3,367
Investments in equity instruments	( 24,000)	26,667
Remeasurements of defined benefit pension plans	( 667)	1,333
Share of other comprehensive income of associates^(c)	400	( 700)
Income tax relating to items that will not be reclassified^(d)	5,834	(7,667)
	(17,500)	23,000
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations^(b)	5,334	10,667
Cash flow hedges^(b)	( 667)	( 4,000)
Income tax relating to items that may be reclassified^(d)	( 1,167)	( 1,667)
	3,500	5,000
Other comprehensive income for the year, net of tax	( 14,000)	28,000
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	107,250	93,500

XYZ Group – Statement of comprehensive income for the year ended 31 December 20X7
(illustrating the presentation of comprehensive income in one statement and the classification of expenses within profit by function)
(in thousands of currency units)
		20X7	20X6
Profit attributable to:
	Owners of the parent	97,000	52,400
	Non-controlling interests	24,250	13,100
		121,250	65,500

Total comprehensive income attributable to:
	Owners of the parent	85,800	74,800
	Non-controlling interests	21,450	18,700
		107,250	93,500

Earnings per share (in currency units):
	Basic and diluted	0.46	0.30

Alternatively, components of other comprehensive income could be presented in the statement of comprehensive income net of tax:
Other comprehensive income for the year, after tax:		20X7	20X6
Items that will not be reclassified to profit or loss:
Gains on property revaluation		600	2,700
Investments in equity instruments		( 18,000)	20,000
Remeasurements of defined benefit pension plans		( 500)	1,000
Share of other comprehensive income of associates		400	( 700)
		( 17,500)	23,000
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations		4,000	8,000
Cash flow hedges		( 500)	( 3,000)
		3,500	5,000
Other comprehensive income for the year, net of tax ^(d)		( 14,000)	28,000

(a) This means the share of associates’ other comprehensive income attributable to owners of the associates, ie it is after tax and non-controlling interests in the associates. In this example, the other comprehensive income of associates consists only of items that will not be subsequently reclassified to profit or loss. Entities whose associates’ other comprehensive income includes items that may be subsequently reclassified to profit or loss are required by paragraph 82A(b) to present that amount in a separate line.
(b) This illustrates the aggregated presentation, with disclosure of the current year gain or loss and reclassification adjustment presented in the notes. Alternatively, a gross presentation can be used.
(c) This means the share of associates’ other comprehensive income attributable to owners of the associates, ie it is after tax and non-controlling interests in the associates. In this example, the other comprehensive income of associates consists only of items that will not be subsequently reclassified to profit or loss. Entities whose associates’ other comprehensive income includes items that may be subsequently reclassified to profit or loss are required by paragraph 82A(b) to present that amount in a separate line.
(d) The income tax relating to each component of other comprehensive income is disclosed in the notes.

XYZ Group – Income statement for the year ended 31 December 20X7
(illustrating the presentation of comprehensive income in two statements and classification of expenses within profit by nature)
(in thousands of currency units)
		20X7	20X6
Revenue		390,000	355,000
Other income		20,667	11,300
Changes in inventories of finished goods and work in progress		( 115,100)	( 107,900)
Work performed by the entity and capitalised		16,000	15,000
Raw material and consumables used		( 96,000)	( 92,000)
Employee benefits expense		( 45,000)	( 43,000)
Depreciation and amortisation expense		( 19,000)	( 17,000)
Impairment of property, plant and equipment		( 4,000)	–
Other expenses		( 6,000)	( 5,500)
Finance costs		( 15,000)	( 18,000)
Share of profit of associates^(e)		35,100	30,100
Profit before tax		161,667	128,000
Income tax expense		( 40,417)	( 32,000)
Profit for the year from continuing operations		121,250	96,000
Loss for the year from discontinued operations		–	( 30,500)
PROFIT FOR THE YEAR		121,250	65,500

Profit attributable to:
	Owners of the parent	97,000	52,400
	Non-controlling interests	24,250	13,100
		121,250	65,500

Earnings per share (in currency units):
	Basic and diluted	0.46	0.30

(e) This means the share of associates’ other comprehensive income attributable to owners of the associates, ie it is after tax and non-controlling interests in the associates. In this example, the other comprehensive income of associates consists only of items that will not be subsequently reclassified to profit or loss. Entities whose associates’ other comprehensive income includes items that may be subsequently reclassified to profit or loss are required by paragraph 82A(b) to present that amount in a separate line.

XYZ Group – Statement of comprehensive income for the year ended 31 December 20X7
(illustrating the presentation of comprehensive income in two statements)
(in thousands of currency units)
		20X7	20X6
Profit for the year		121,250	65,500
Other comprehensive income:
Items that will not be reclassified to profit or loss:
Gains on property revaluation		933	3,367
Investments in equity instruments		( 24,000)	26,667
Remeasurements of defined benefit pension plans		( 667)	1,333
Share of gain other comprehensive income of associates^(f)		400	( 700)
Income tax relating to items that will not be reclassified^(g)		5,834	(7,667)
		(17,500)	23,000
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations		5,334	10,667
Cash flow hedges		( 667)	( 4,000)
Income tax relating to items that may be reclassified^(g)		(1,167)	(1,667)
		3,500	5,000
Other comprehensive income for the year, net of tax		( 14,000)	28,000
TOTAL COMPREHENSIVE INCOME FOR THE YEAR		107,250	93,500

Total comprehensive income attributable to:
	Owners of the parent	85,800	74,800
	Non-controlling interests	21,450	18,700
		107,250	93,500

Alternatively, components of other comprehensive income could be presented, net of tax. Refer to the statement of comprehensive income illustrating the presentation of income and expenses in one statement.

(f)	This means the share of associates’ other comprehensive income attributable to owners of the associates, ie it is after tax and non-controlling interests in the associates. In this example, the other comprehensive income of associates consists only of items that will not be subsequently reclassified to profit or loss. Entities whose associates’ other comprehensive income includes items that may be subsequently reclassified to profit or loss are required by paragraph 82A(b) to present that amount in a separate line.
(g)	The income tax relating to each component of other comprehensive income is disclosed in the notes.

XYZ Group - Disclosure of components of other comprehensive income
Notes
Year ended 31 December 20X7
(in thousands of currency units)
			20X7		20X6
Other comprehensive income:
Exchange differences on translating foreign operations⁽ⁱ⁾			5,334		10,667
Investments in equity instruments			( 24,000)		26,667
Cash flow hedges:
	Gains (losses) arising during the year	( 4,667)		( 4,000)
	Less: Reclassification adjustments for gains (losses) included in profit or loss	4,000	( 667)	–	( 4,000)

Gains on property revaluation			933		3,367
Remeasurements of defined benefit pension plans			( 667)		1,333
Share of other comprehensive income of associates			400		( 700)
Other comprehensive income			( 18,667)		37,334
Income tax relating to components of other comprehensive income^(j)			4,667		( 9,334)
Other comprehensive income for the year ^(h)			( 14,000)		28,000

(h)	When an entity chooses an aggregated presentation in the statement of comprehensive income, the amounts for reclassification adjustments and current year gain or loss are presented in the notes.
(i)	There was no disposal of a foreign operation. Therefore, there is no reclassification adjustment for the years presented.
(j)	The income tax relating to each component of other comprehensive income is disclosed in the notes.

XYZ Group - Disclosure of tax effects relating to each component of other comprehensive income
Notes
Year ended 31 December 20X7
(in thousands of currency units)
		20X7			20X6
	Before-tax amount	Tax (expense) benefit	Net-of-tax amount	Before-tax amount	Tax (expense)benefit	Net-of-tax amount
Exchange differences on translating foreign operations	5,334	( 1,334)	4,000	10,667	( 2,667)	8,000
Investments in equity instruments	( 24,000)	6,000	( 18,000)	26,667	( 6,667)	20,000
Cash flow hedges	( 667)	167	( 500)	( 4,000)	1,000	( 3,000)
Gains on property revaluation	933	( 333)	600	3,367	( 667)	2,700
Remeasurements of defined benefit pension plans	( 667)	167	( 500)	1,333	( 333)	1,000
Share of other comprehensive income of associates	400	–	400	( 700)	–	( 700)
Other comprehensive income	( 18,667)	4,667	( 14,000)	37,334	( 9,334)	28,000

XYZ Group – Statement of changes in equity for the year ended 31 December 20X7
(in thousands of currency units)
	Share capital	Retained earnings		Translation of foreign operations		Investments in equity instruments		Cash flow hedges		Revaluation surplus		Total		Non-controlling interests			Total equity
Balance at 1 January 20X6	600,000	118,100			( 4,000)		1,600		2,000		–	717,700			29,800	747,500
Changes in accounting policy	–		400		–		–		–		–		400		100		500
Restated balance	600,000	118,500			( 4,000)		1,600		2,000		–	718,100			29,900	748,000
Changes in equity for 20X6
Dividends	–	( 10,000)			–		–		–		–	( 10,000)			–	( 10,000)
Total comprehensive income for the year^(k)	–	53,200			6,400		16,000		( 2,400)		1,600		74,800		18,700		93,500
Balance at 31 December 20X6	600,000	161,700			2,400		17,600		( 400)		1,600	782,900			48,600	831,500
Changes in equity for 20X7
Issue of share capital	50,000		–		–		–		–		–		50,000		–		50,000
Dividends	–	( 15,000)			–		–		–		–	( 15,000)			–	( 15,000)
Total comprehensive income for the year^(l)	–	96,600			3,200		( 14,400)		( 400)		800		85,800		21,450	107,250
Transfer to retained earnings	–	200			–		–		–		( 200)		–		–		–
Balance at 31 December 20X7	650,000	243,500			5,600		3,200		( 800)		2,200	903,700			70,050	973,750

(k)

The amount included in retained earnings for 20X6 of 53,200 represents profit attributable to owners of the parent of 52,400 plus actuarial gains on defined benefit pension plans of 800 ( 1,333, less tax 333, less non-controlling interests 200). The amount included in the translation, investments in equity instruments and cash flow hedge reserves represent other comprehensive income for each component, net of tax and non-controlling interests, eg other comprehensive income related to investments in equity instruments for 20X6 of 16,000 is 26,667, less tax 6,667, less non-controlling interests 4,000. The amount included in the revaluation surplus of 1,600 represents the share of other comprehensive income of associates of ( 700) plus gains on property revaluation of 2,300 ( 3,367, less tax 667, less non-controlling interests 400). Other comprehensive income of associates relates solely to gains or losses on property revaluation.

(l)

The amount included in retained earnings for 20X7 of 96,600 represents profit attributable to owners of the parent of 97,000 plus actuarial losses on defined benefit pension plans of 400 ( 667, less tax 167, less non-controlling interests 100). The amount included in the translation, investments in equity instruments and cash flow hedge reserves represents other comprehensive income for each component, net of tax and non-controlling interests, eg other comprehensive income related to the translation of foreign operations for 20X7 of 3,200 is 5,334, less tax 1,334, less non-controlling interests 800. The amount included in the revaluation surplus of 800 represents the share of other comprehensive income of associates of 400 plus gains on property revaluation of 400 ( 933, less tax 333, less non-controlling interests 200). Other comprehensive income of associates relates solely to gains or losses on property revaluation.

The Foundation has trade marks registered around the world (Marks) including ‘IAS®’, ‘IASB®’, the IASB® logo, ‘IFRIC®’, ‘IFRS®’, the IFRS® logo, ‘IFRS for SMEs®’, the IFRS for SMEs® logo, ‘IFRS Taxonomy’, ‘International Accounting Standards®’, ‘International Financial Reporting Standards®’, the ‘Hexagon Device’, ‘NIIF®’ and ‘SIC®’. Further details of the Foundation’s Marks are available from the Foundation on request.