Document ID: chunk:federal_register_of_legislation:F2025C00209:front:0:p8
Version: federal_register_of_legislation:F2025C00209
Segment Type: other
Provision Reference: 
Character Range: 21366–24591

a statement of profit or loss and a statement of comprehensive income, the statement of comprehensive income begins with profit or loss and then displays the items of other comprehensive income;
           1.                     a statement of changes in equity for the reporting period;
           2.                    a statement of cash flows for the reporting period; and
           3.                     notes, comprising material accounting policy information and other explanatory information.
     [Based on IFRS for SMEs Standard paragraph 3.17]

      1.                     If the only changes to equity during the periods for which financial statements are presented arise from profit or loss, payment of dividends, corrections of prior period errors, and changes in accounting policy, the entity may present a single statement of income and retained earnings in place of the statement of comprehensive income and statement of changes in equity (see paragraph 62). [IFRS for SMEs Standard paragraph 3.18]
      2.                     If an entity has no items of other comprehensive income in any of the periods for which financial statements are presented, it may present only a statement of profit or loss or it may present a statement of comprehensive income in which the 'bottom line' is labelled 'profit or loss'. [IFRS for SMEs Standard paragraph 3.19]
      3.                     Because paragraph 20 requires comparative amounts in respect of the previous period for all amounts presented in the financial statements, a complete set of financial statements means that an entity shall present, as a minimum, two of each of the required financial statements and related notes. [IFRS for SMEs Standard paragraph 3.20]
      4.                     In a complete set of financial statements, an entity shall present each financial statement with equal prominence. [IFRS for SMEs Standard paragraph 3.21]
      5.                     An entity may use titles for the financial statements other than those used in this Standard as long as they are not misleading. [IFRS for SMEs Standard paragraph 3.22]

Identification of the financial statements
      1.                     An entity shall clearly identify each of the financial statements and the notes and distinguish them from other information in the same document. In addition, an entity shall display the following information prominently and repeat it when necessary for an understanding of the information presented:
           1.                     the name of the reporting entity and any change in its name since the end of the preceding reporting period;
           2.                    whether the financial statements cover the individual entity or a group of entities;
           3.                     the date of the end of the reporting period and the period covered by the financial statements;
           4.                    the presentation currency, as defined in AASB 121 The Effects of Changes in Foreign Exchange Rates; and
           5.                     the level of rounding, if any, used in presenting amounts in the financial statements.
          [IFRS for SMEs Standard paragraph 3.23]

      1.                     An