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Hi sir,
I was wondering how would you describe the difference between the entries of profit or loss & comprehensive income? Thank you.
Regards,
Qilian
Hi,
The easiest way to think about it is that the amounts that go to OCI are not yet realised, such as the revaluation of PPE and the gains/losses on FVTOCI financial instruments. The amounts will be realised once we sell them in the future.
What goes through profit or loss has been realised such a revenues and expenses.
Thanks
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