Entities may present reclassification adjustments in the statement of comprehensive income or the notes to the financial statements. An entity that presents reclassification adjustments in the notes to financial statements presents a component of other comprehensive income after the related reclassification adjustments. Reclassification adjustments occur, for example, from disposal of foreign operations, derecognition of “available-for-sale” financial assets and when a hedge of a forecast transaction results in a gain or loss.
Reclassification adjustments are not made to changes in revaluation surplus recognized under PSAK 16 (revised 2007) or PSAK 19 or to actuarial gains and losses recognized in defined benefit pension plans recognized under paragraph 93A of PSAK 24. These components are recognized in other comprehensive income. and not reclassified to profit or loss in the next period. Changes in the revaluation surplus can be transferred to retained earnings in the next period when the asset is used or derecognized. Actuarial gains and losses are reported in retained earnings in the period in which the actuarial gains and losses are recognized as other comprehensive income.
Mitra Konsultindo Group
Tax Consultants | Accounting, Financial Reporting | Audit | Business Management Consultants | Company Establishments, Business Licenses | Other Business Solutions
Hotline (Call/WA/SMS): 082-11-22-900-33
Website: mitrakonsultindo.co.id