2133 Statement Of Comprehensive Income

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Comprehensive income

(SFAC 6)

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The change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from nonowner sources. It includes all changes in equity during a period except those resulting from investments by owners and distribution to owners

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Other Comprehensive income

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1) Foreign currency translation adjustments

2) Gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity

3) Gains and losses on an intra-entity foreign transactions that are of long term investment nature when the entities to the transaction are consolidated, combined, or accounted for by equity method in the reporting entity's financial statements

4) Gains and losses on derivative instruments that are designated as, and qualify as, cash flow hedges

5) Unrealized gains and losses on available for sale securities

6) Unrealized holding gains and losses that result from a debt security being transferred to available for sale category in the held to maturity category

7) Amounts recognized in other comprehensive income for debt securities classified as available for sale and held to maturity related to and other than temporary impairment recognized if a portion of the impairment was not recognized in earnings

8) subsequent decreases or increases in the fair value of available for sale securities previously written down as impairment

9) Gains or losses associated with pension or other post retirement benefits

10) Prior service costs or credits associated with pension or post retirement benefits

11) Transition assets or obligations associated with pension or other post retirement benefits

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Comprehensive Income Presentation

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1) Single continuous statement

2) Statement of Net income and a statement of other comprehensive income