Exposure Draft and comment letters—Presentation of Items of Other Comprehensive Income (Proposed Amendments to IAS 1)


On 27 May 2010 the International Accounting Standards Board (IASB) published for public comment proposals to improve the consistency of how items of Other Comprehensive Income (OCI) are presented.

The IASB is proposing to require that entities present profit or loss and other comprehensive income in separate sections of a continuous statement. The IASB is also proposing to group items in OCI on the basis of whether they will eventually be ‘recycled’ into the profit or loss section of the income statement.

The proposals have been jointly developed with the US Financial Accounting Standards Board (FASB), which is also seeking public comment on changes to the presentation of OCI as part of their financial instruments proposals.

Commenting on the proposals, Sir David Tweedie, Chairman of the IASB, said:

We have recently published several proposals that broaden the use of Other Comprehensive Income. It is therefore appropriate that this information is presented clearly and in a uniform manner. If adopted, these proposals will result in further convergence of IFRSs and US GAAP in an increasingly important part of the financial statements.

The Exposure Draft was open for comment until 30 September 2010.


Comment letters are public and all comment letters received on the due process document can be accessed below.

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Access individual comment letters in the table below or download all letters as zip file.

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