1. Revenue from Operations
   • Revenue (Inclusive of Excise)
   • Other Income
2. Other Income
3. Cost of Materials Consumed
   • Purchases of Stock in Trade
   • Changes in Inventories, FG, WIP, RM
4.  Employee Benefit Expense
5. Finance Costs
6. Depreciation and Amortisation
7. Other Expenses
8. Exceptional items
9. Tax Expense
   • Current Tax Expense
   • Deferred Tax Expense
10. Profit or Loss from Discontinued Operations
    • Tax on Profit/ Loss from Discontinued Operations

1. Items that will not be reclassified to Profit or Loss
   • Revaluation of PPE and Intangible Assets
   • Actuarial Gains and Losses
   • FVTPL Financial Liability – Change in Credit Risk
   • FVTOCI Equity Instruments
   • Share of JV and Associate
2. Items that will be reclassified to Profit or Loss
   • Translation of Foreign Operations
   • FVTOCI Other than Equity Instruments
   • Effective Portion of Cash Flow Hedges
   • Change in Value of Time Value in Option Contracts
   • Change in Value of Forward Element in Forward Contracts
   • Change in Value of Foreign Currency Basis Spread
   • Share of JV and Associates

Read our Recent Blogs:

1. Functional Currency – Exchange Gains & Losses 
2. Provisional Expense of Litigation Liability

We will soon be publishing a commentary on each component of Statement of Profit and Loss.

Stay Tuned!

Until then visit our Parent Website – www.indaslab.com