Example consolidated financial statements - Flipbook - Page 12
Consolidated statement of
changes in equity
For the year ended 31 December
(expressed in thousands of Euroland currency units, except per share amounts)
Notes
IAS 1.51(c)
IAS 1.51(d-e)
Share
Other
premium components
of equity
Retained
Total
Nonearnings attributable controlling
to owners of
interest
parent
Total
equity
12,000
3,050
(392)
37,041
51,699
592
52,291
30
–
–
–
(3,000)
(3,000)
–
(3,000)
Issue of share capital on exercise of
employee share options
22.2
270
1,415
–
–
1,685
–
1,685
Employee share-based
compensation
22.2
–
–
–
298
298
–
298
21
1,500
15,180
–
–
16,680
–
16,680
1,770
16,595
–
(2,702)
15,663
–
15,663
–
–
–
14,737
14,737
121
14,858
–
–
2,657
–
2,657
–
2,657
Total comprehensive income for
the year
–
–
2,657
14,737
17,394
121
17,515
Balance at 31 December 2020
13,770
19,645
2,265
49,076
84,756
713
85,469
Balance at 1 January 2019
12,000
3,050
2,505
25,380
42,935
476
43,411
–
–
–
–
–
–
–
12,000
3,050
2,505
25,380
42,935
476
43,411
–
–
–
466
466
–
466
IAS 1.106(d)(iii) Transactions with owners
–
–
–
466
466
–
466
IAS 1.106(d)(i) Profit for the year
–
–
–
11,195
11,195
116
11,311
–
–
(2,897)
–
(2,897)
–
(2,897)
Total comprehensive income for
the year
–
–
(2,897)
11,195
8,298
116
8,414
Balance at 31 December 2019
12,000
3,050
(392)
37,041
51,699
592
52,291
IAS 1.106(d)
Balance at 1 January 2020
Share
capital
Dividends
Issue of share capital on private
placement
IAS 1.106(d)(iii) Transactions with owners
IAS 1.106(d)(i) Profit for the year
IAS 1.106(d)(ii)
Other comprehensive income
IAS 1.106A
IAS 1.106(a)
IAS 1.106(d)
21.3
Adjustment from the adoption
of IFRS 16
Adjusted balance at
1 January 2019
Employee share-based
compensation
IAS 1.106(d)(ii)
Other comprehensive income
IAS 1.106A
IAS 1.106(a)
22.2
21.3
Guidance note
IAS 1.106 provides a list of items to be presented in the statement of changes in equity. An entity may present the required reconciliations for each component of other comprehensive income either in:
• the statement of changes in equity or
• the notes to the financial statements (IAS 1.106A).
The Example Financial Statements present the reconciliations for each component of other comprehensive income in the notes to the financial statements (see Note 21.3). This reduces
duplicated disclosures and allows the overall changes in equity to be presented more clearly in the statement of changes in equity.
IFRS 2 ‘Share-based Payment’ requires an entity to recognise equity-settled share-based payment transactions as changes in equity but does not specify how this is presented, ie in a
separate reserve within equity or within retained earnings. In our view, either approach is allowed under IFRS (although this may be subject to local regulations in some jurisdictions). In
these Example Financial Statements, the changes in equity are credited to retained earnings.
In the prior year the Group adopted IFRS 16 and applied the modified retrospective approach. The cumulative effect of adoption has been recognised as an adjustment to retained
earnings. For Illustrative Corporation Group this is Nil, however this disclosure has been shown below as it may not be Nil for all reporting entities.
10 Illustrative Corporation Group: IFRS Example Consolidated Financial Statements – 31 December 2020
