Statement of profit or loss and other comprehensive income

An entity may present profit or loss and other comprehensive income in one statement or in two consecutive statements as permitted by the presentation requirements. Other comprehensive income comprises items that relevant standards require or permit to be recognised outside profit or loss, grouped according to whether they may subsequently be reclassified. Under IFRS 18 the profit-or-loss section uses defined categories and required subtotals; total comprehensive income combines profit or loss with other comprehensive income.