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Comprehensive Income Statement

Comprehensive Income Key
Information HTM = held-till-maturity
Summarizes non-owner transactions AFS = available-for-sale
Has interim reporting (condensed) F/S = financial statement
Excludes owner distributions/dividends B/S = balance sheet
Other Comprehensive Income (FUUC PRR) RE = retained earnings
Information OCI = other comprehensive income
Other comprehensive income types/components closed to b/s
AOCI = accumulated OCI
Types (FUUC PRR)
Bg = beginning
Foreign currency item gains/losses
GE: [X] [Y] = greater of [X] or [Y]
Unrealized AFS gains/losses
Unrealized AFS gains/losses (HTM changed to AFS or impairment changes)
Cash flow hedges effective portion (unrealized)
Pension adjustments
-include prior service cost & transition asset & obligation (GAAP only)
-include actuarial gain/loss (IFRS only)
Revaluation surplus/gain (IFRS only)
-intangible assets
-fixed assets
Revaluation loss allowed (IFRS only) = GE: [Revaluation loss] [Revaluation surplus/gain -1]
-if no revaluation surplus/gain, revaluation loss allowed is 0
Accumulated OCI (same method as RE)
Reported on b/s equity section (position f/s)
Other comprehensive income closed to accumulated OCI (like net income closed to RE)
Reclassification adjustment
Adjusts realized items to income statement
Avoids double counting
Calculations
*Net Income = Continuing Operations Income + Discontinued Operations Income
Other Comprehensive Income = pension adjustments unrealized AFS gain (loss) foreign currency gain (loss) unrealized cash flow hedge
revaluation surplus gains (IFRS only) (effective portion)

Comprehensive Income = Net Income + Other Comprehensive Income

End AOCI = bg AOCI + comprehensive income realized items (FUUC PRR)

Reporting
Information
Reported net of tax or before tax with total net of tax
Reported either as single statement (with income statement) or two statement
-two statement reports net income per separate income statement
Not reported on per share basis
Tax effect reported on f/s notes or OCI f/s face (components display section)
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Disclosure
Components tax effects
Accumulated component balances changes
AOCI changes
Current OCI
Reclassification adjustments
Significant reclassified non-AOCI items (f/s notes or income statement face)