IAS1 : PRESENTATION OF FINANCIAL STATEMENTS
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Statement of changes in equity
An entity shall present a statement of changes [one] in equity showing in the statement: (a) total comprehensive [two] income for the period, showing separately the total amounts [three] attributable to owners of the parent and to non-controlling interests;
(b) for each [four] component of equity, the effects of retrospective application or retrospective [five] restatement recognised in accordance with IAS 8; [six] and
(d) for each component of equity, a reconciliation [seven] between the carrying amount at the beginning and the end of the period, [eight] separately disclosing changes resulting from:
(i) profit [nine] or loss;
(ii) each item of other comprehensive income: [ten] and
(iii) transactions with owners in their capacity [one] as owners, showing
separately contributions by and distributions to owners and changes [two] in ownership interests in subsidiaries that do not [three] result in a loss of control.
An entity shall present, [four] either in the statement of changes in equity or in the notes, the amount [five] of dividends recognised as distributions to owners during the period, [six] and the related amount per share.
In paragraph 106, [seven] the components of equity include, for example, each class [eight] of contributed equity, the accumulated balance of each class [nine] of other comprehensive income and retained earnings.
Changes in an entity’s [ten] equity between the beginning and the end of the reporting period [one] reflect the increase or decrease in its net assets [two] during the period. Except for changes resulting from transactions [three] with owners in their capacity as owners (such [four] as equity contributions, reacquisitions of the entity’s own equity [five] instruments and dividends) and transaction costs directly related [six] to such transactions, the overall change in equity during [seven] a period represents the total amount of income and expense, [eight] including gains and losses, generated by the entity’s activities [nine] during that period.
IAS 8 requires retrospective [ten] adjustments to effect changes in accounting policies, to the extent [one] practicable, except when the transition provisions in another [two] IFRS require otherwise. IAS 8 also [three] requires restatements to correct errors to be made [four] retrospectively, to the extent practicable. Retrospective adjustments and retrospective [five] restatements are not changes in equity but they [six] are adjustments to the opening balance of retained earnings, [seven] except when an IFRS requires retrospective adjustment [eight] of another component of equity. Paragraph 106(b) requires [nine] disclosure in the statement of changes in equity of the total adjustment [ten] to each component of equity resulting from changes in accounting [one] policies and, separately, from corrections of errors. These [two] adjustments are disclosed for each prior period [three] and the beginning of the period.
Thus it appears, in what various ways Nature has taught man her first great lesson of love and union.
Nor did she give the same talents either in kind or in degree to all, evidently meaning that the inequality of her gifts should be ultimately equalized by a reciprocal interchange of good offices and mutual assistance.
Thus, in different countries, she has caused different commodities to be produced, that expediency itself might introduce commercial intercourse.
The Complaint of Peace