Information to be presented in the Profit & Loss Statement - Ind AS - Indian Accounting Standards - Companies Law

Information to be presented in the Profit Loss Statement In addition to items required by other Ind ASs, the profit or loss section of the statement of profit and loss shall include line items that present the following amounts for the period: revenue, presenting separately interest revenue calculated using the effective interest method; gains and losses arising from the derecognition of financial assets measured at amortised cost; finance costs; impairment losses (including reversals of impairment losses or impairment gains) determined in accordance with Section 5.5 of Ind AS 109; share of the profit or loss of associates and joint ventures accounted for using the equity method; if a financial asset is reclassified out of the amortised cost measurement category so that it is measured at fair value through profit or loss, any gain or loss arising from a difference between the previous amortised cost of the financial asset and its fair value at the reclassification date (as defined in Ind AS 109); if a financial asset is reclassified out of the fair value through other comprehensive income measurement category so that it is measured at fair value through profit or loss, any cumulative gain or loss previously recognised in other comprehensive income that is reclassified to profit or loss; tax expense;