Pankaj R Mishra
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Define statement of changes in equity?
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Soundray Kumar
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The statement of changes in equity consists of a reconciliation of the changes in equity in which the following information is provided:
- total comprehensive income for the period, showing separately the total amounts attributable to owners of the parent and to non-controlling interests;
- for each component of equity, the effects of retrospective application or retrospective restatement recognised in accordance with IAS 8; and
- for each component of equity, a reconciliation between the carrying amount at the beginning and the end of the period, separately disclosing changes resulting from:
- profit or loss;
- other comprehensive income; and
- transactions with owners in their capacity as owners, showing separately contributions by and distributions to owners and changes in ownership interests in subsidiaries that do not result in a loss of control.
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