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I can usually see that there 2 separate lines in the PL statement for Financial costs (for bank charges, %, etc.) and Net foreign exchange (loss)/profit (for fx transactions).
However, I noticed that in one example fx transactions and bank charges are combined in one PL line “finance costs”.
Is this correct? Couldn’t find any IFRS standard saying this
Thanks in advance!
There is no specific rule as to where the exchange gains/losses appear, if they are included in finance costs then there is not requirement to show them separately, so just combine them.