Statement of profit or loss and other comprehensive income

Financial reporting - primary statements.

A statement showing the amount and the build up of the reporting entity's profit or loss for the period, together with other comprehensive income.

International Accounting Standards (IAS 1) allows an entity to present a single combined 'Statement of profit and loss and other comprehensive income' or as two separate statements (Statement of comprehensive income and Statement of profit or loss).

See also

• Financial reporting
• IAS 1
• Income statement
• Other comprehensive income
• Primary statements
• Profit and Loss account
• Reporting entity
• Statement of comprehensive income