Amendments to FRS 101: Presentation of Financial Statements

Researched by Milan Choo

Structure and content

Statement of changes in equity

Information to be presented in the statement of changes in equity

106 An entity shall present a statement of changes in equity as required by paragraph 10. The statement of changes in equity includes the following information showing in the statement:

(a) total comprehensive income for the period, showing separately the total amounts

attributable to owners of the parent and to non-controlling interests;

(b) for each component of equity, the effects of retrospective application or retrospective

restatement recognised in accordance with FRS 108; and

(c) [deleted by IASB]

(d) for each component of equity, a reconciliation between the carrying amount at the beginning and the end of the period, separately disclosing changes resulting from:

(i) profit or loss;

(ii) each item of other comprehensive income; and

(iii) transactions with owners in their capacity as owners, showing separately contributions by and distributions to owners and changes in ownership interests in subsidiaries that do not result in a loss of control.

Information to be presented

in the statement of changes in equity or in the notes

106A For each component of equity an entity shall present, either in the statement of changes in equity or in the notes, an analysis of other comprehensive income by item (see paragraph 106(d)(ii)).

107 An entity shall present, either in the statement of changes in equity or in the notes, the amounts of dividends recognised as distributions to owners during the period, and the related amount of dividends per share.

Transition and effective date

139F Paragraphs 106 and 107 were amended and paragraph 106A was added by Improvements to FRSs issued in November 2010. An entity shall apply those amendments for annual periods beginning on or after 1 January 2011. Earlier application is permitted.

(Source: http://www.masb.org.my/images/stories/3011/4Amend_FRS101_26Oct2010.pdf)

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