The IASB has published the Exposure Draft General Presentation and Disclosures, that proposes:
– to provide three new profit subtotals in the statement of profit or loss
– to disclose management performance measures in a single note to the financial statements
– new guidance to help companies disaggregate information in the most useful way for investors
The proposals would result in a new IFRS Standard that sets out general presentation and disclosure requirements relevant for all companies, replacing IAS 1 Presentation of Financial Statements.
The ED is open for comment until 30 June 2020.