statement of comprehensive income (income statement)

29
STATEMENT OF COMP (Income S Ali Tafriji Biswan (Altaf) PREHENSIVE INCOME Statement) )

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Page 1: Statement of Comprehensive Income (Income Statement)

STATEMENT OF COMPREHENSIVE INCOME

(Income Statement)

Ali Tafriji Biswan (Altaf)

STATEMENT OF COMPREHENSIVE INCOME

Statement)

(Altaf)

Page 2: Statement of Comprehensive Income (Income Statement)

Konsep Income

• Misal: Net aset awal tahun Rp45 jt, akhir tahun Rp80 jt, lalu ada

tambahan modal investasi Rp10 jt, berapa income?

– Rp25 jt.

• Karena tidak detail, akuntansi kita lebih

pendekatan transaksi untuk menentukan

– Laba bersih = Pendapatan – Beban

Statement of comprehensive income (IAS)

Income statement (Transaction approach; b4 IAS)

Capital maintenance concept

jt, akhir tahun Rp80 jt, lalu ada

tambahan modal investasi Rp10 jt, berapa income?

lebih prefer mengaplikasikan

menentukan income

Beban + Untung - Rugi

Statement of comprehensive income (IAS)

Income statement (Transaction approach; b4 IAS)

Capital maintenance concept

Page 3: Statement of Comprehensive Income (Income Statement)

Tinjauan Rugi Laba

Kegunaan:

• Basis untuk:

– evaluasi kinerja masa lalu

manajemen.

– Basis untuk prediksi

kinerja masa hadapan.

– nilai risiko atau

ketidakpastian arus kas

mendatang.

Kelemahan:

• Item

dapat

tidak

• Angka

metode

• Pengukuran

unsur

PerformancePerformance

Kelemahan:

Item-item tertentu yang tidak

dapat diukur secara meyakinkan

tidak dilaporkan dalam Laba rugi.

Angka income sangat tergantung

metode apa yang dipakai.

Pengukuran income melibatkan

unsur judgment.

Page 4: Statement of Comprehensive Income (Income Statement)

Definisi

• Total income minus expense, di luar komponen other comprehensive income

• Bahasa lamanya: “net income”

Profit or loss

• Memuat income dan expense (termasuk reclassification adjustment) yg tidak diakui di dalam profit or loss

Other comprehensive

income

• Perubahan ekuitas selama periode tertentu yg dihasilkan dari transaksi dan kejadian lain, selain yg transaksi pemilik

Total comprehensive

income

Total income minus expense, di luar komponen other comprehensive income

Bahasa lamanya: “net income”

Memuat income dan expense (termasuk reclassification adjustment) yg tidak diakui di dalam profit or loss

Perubahan ekuitas selama periode tertentu yg dihasilkan dari transaksi dan kejadian lain, selain yg transaksi pemilik

Page 5: Statement of Comprehensive Income (Income Statement)

Single-Step Income Statement

Terdiri dari 2 grup:

RevenuesRevenues

ExpensesExpenses

Net IncomeNet Income

SingleSingle--StepStep

Tdk dibedakan antara Tdk dibedakan antara OperatingOperating

&& NonNon--operatingoperating..

Step Income Statement

Income Statement (in thousands)

Revenues:

Sales 285,000$

Interest revenue 17,000

Total revenue 302,000

Expenses:

Cost of goods sold 149,000

Advertising expense 10,000

Depreciation expense 43,000

Interest expense 21,000

Income tax expense 24,000

Total expenses 247,000

Net income 55,000$

Earnings per share 0.75$

Page 6: Statement of Comprehensive Income (Income Statement)

Multiple-Step Income Statement

Penyajian dibagi dalam Penyajian dibagi dalam

beberapa bagian/seksibeberapa bagian/seksi. .

1. Operating Section1. Operating Section

2. 2. NonoperatingNonoperatingSectionSection

3. Income tax3. Income tax

Step Income Statement

Income Statement (in thousands)

Sales 285,000$

Cost of goods sold 149,000

Gross profit 136,000

Operating expenses:

Advertising expense 10,000

Depreciation expense 43,000

Total operating expense 53,000

Income from operations 83,000

Other revenue (expense):

Interest revenue 17,000

Interest expense (21,000)

Total other (4,000)

Income before taxes 79,000

Income tax expense 24,000

Net income 55,000$

Earnings per share 0.75$

Page 7: Statement of Comprehensive Income (Income Statement)

Operating Income

Operating income

kinerja operasi bisnis yg mendasar

(fundamental

rumusannya adalah:

Gross profit

– Operating expenses

= Operating income

Baik FASB maupun IASB memandang

Gross Profit adalah sajian utama income,

tetapi apakah IAS menganut single/multiple

step?

Operating Income

Operating income mengukur

kinerja operasi bisnis yg mendasar

fundamental business operations),

rumusannya adalah:

Gross profit

Operating expenses

Operating income

Baik FASB maupun IASB memandang

Gross Profit adalah sajian utama income,

tetapi apakah IAS menganut single/multiple

Page 8: Statement of Comprehensive Income (Income Statement)

Statement of Comprehensive Income

Komponen Statement of comprehensive income:

o Revenue

o Finance costs

o Share of the profit or loss of associates and joint ventures

for using the equity Method

o Tax expense

o A single amount comprising the total of

o the post tax profit or loss of discontinued operations,

o the post-tax gain or loss recognized on the measurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation

o Profit or loss

o Each component of other comprehensive income classified by nature

o Share of the other comprehensive income of associates and joint

ventures accounted for using the equity method; and

o Total comprehensive income.

Statement of Comprehensive Income

Komponen Statement of comprehensive income:

Share of the profit or loss of associates and joint ventures accounted

A single amount comprising the total of

operations, and

the measurement to fair value less costs the disposal of the assets or disposal group(s) constituting the

ach component of other comprehensive income classified by nature

hare of the other comprehensive income of associates and joint

accounted for using the equity method; and

Page 9: Statement of Comprehensive Income (Income Statement)

Penyajian Perubahan Ekuitas

Perubahan Ekuitasdalam Suatu Periode

Komponen dari Disajikan dalamprofit or loss Income statement

Perubahannon pemilik Komponen dari Disajikan dalam

other comprehensive Statement of comprehensiveincome income

Komponen dari Disajikan dalamowner changes Statement of changes

in equity in equity

Perubahan

pemilik

Penyajian Perubahan Ekuitas

Disajikan dalamIncome statement Disajikan dalam

Statement of comprehensiveDisajikan dalam incomeStatement of comprehensive

Disajikan dalam Disajikan dalamStatement of changes Statement of changes

in equity

Page 10: Statement of Comprehensive Income (Income Statement)

Definisi menurut FASB:

All changes in equity during a period except those resulting from

investments by owners and distributions to owners

Comprehensive Income

Income Statement (in thousands)

Sales 285,000$

Cost of goods sold 149,000

Gross profit 136,000

Operating expenses:

Advertising expense 10,000

Depreciation expense 43,000

Total operating expense 53,000

Income from operations 83,000

Other revenue (expense):

Interest revenue 17,000

Interest expense (21,000)

Total other (4,000)

Income before taxes 79,000

Income tax expense 24,000

Net income 55,000$

changes in equity during a period except those resulting from

investments by owners and distributions to owners.

Comprehensive Income

Other Comprehensive Other Comprehensive IncomeIncome

+

Page 11: Statement of Comprehensive Income (Income Statement)

Other Comprehensive Income

• Mencakup income & expense yg profit/loss (net income)

• Contoh:

– changes in revaluation surplus

– actuarial gains and losses on defined benefit plans

– gains and losses arising from translatingstatements of a foreign operation

– gains and losses on remeasuring availableassets

– the effective portion of gains and losses on instruments in a cash flow hedge

Other Comprehensive Income

yg tdk diakui dalam

on defined benefit plans

translating the financial

available-for-sale financial

the effective portion of gains and losses on hedging

Page 12: Statement of Comprehensive Income (Income Statement)

Two-Statement

Format for

Comprehensive

Income

Comprehensive IncomeComprehensive Income

Page 13: Statement of Comprehensive Income (Income Statement)

V. Gill Inc.

Combined Statement of Comprehensive Income

For the Year Ended December 31, 2007

Sales revenue

Cost of goods sold

Gross profit

Operating expenses

Net income

Unrealized holding gain, net of tax

Comprehensive income

Combined Income StatementCombined Income Statement

Comprehensive Income

V. Gill Inc.

Combined Statement of Comprehensive Income

For the Year Ended December 31, 2007

800,000$

600,000

200,000

90,000

110,000

Unrealized holding gain, net of tax 30,000

140,000$

Combined Income StatementCombined Income Statement

Comprehensive Income

Page 14: Statement of Comprehensive Income (Income Statement)

Disclose

• An entity shall disclose the following items in the statement of comprehensive income as allocations for the period:

– (a) profit or loss for the period attributable to:

• (i) non-controlling interests, and

• (ii) owners of the parent.

– (b) total comprehensive income for the period

attributable to:

• (i) non-controlling interests, and

• (ii) owners of the parent.

An entity shall disclose the following items in the income as allocations

(a) profit or loss for the period attributable to:

(b) total comprehensive income for the period

Page 15: Statement of Comprehensive Income (Income Statement)

STATEMENT OF COMPREHENSIVE INCOME (SINGLE APPROACH)

Revenue

Cost of sales

Gross profit

Other income

Distribution costs

Administrative expenses

Other expenses

Finance costs

Share of profit of associates

Profit before tax

Income tax expense (25%)

Profit for the year from contonuing operations

Loss for the year from discontinued operations

Profit for ther year

Other comprehensive income:

Exchange differences on translating foreign operations

AFS financial assets

Cash flow hedges

Gains on property revaluation

Accrual gains (losses) on defined benefit pension plans

Share of other comprehensive income of associates

Income tax relating to components of other comprehensive income

Other comprehensive income for the year, net of tax

Total comprehensive income for the year

Profit attributable to:

Owners of the parent

Minority interest

Total comprehensive income attributable to:

Owners of the parent

Minority interest

Earnings per share:

Basic and diluted

2007 2008

390.000 355.000

(245.000) (230.000)

145.000 125.000

20.667 11.300

(9.000) (8.700)

(20.000) (21.000)

(2.100) (1.200)

(8.000) (7.500)

35.100 16.667 30.100 3.000

161.667 128.000

(40.417) (32.000)

121.250 96.000

- (30.500)

121.250 65.500

5.334 10.667

(24.000) 26.667

(667) (4.000)

933 3.367

(667) 1.333

400 (700)

Income tax relating to components of other comprehensive income 4.667 (9.334)

(14.000) 28.000

107.250 93.500

97.000 52.400

10.250 41.100

107.250 93.500

85.800 74.800

21.450 18.700

107.250 93.500

0,46 0,3

Page 16: Statement of Comprehensive Income (Income Statement)

STATEMENT OF COMPREHENSIVE

INCOME (TWO-STATEMENT)

INCOME STATEMENT

Revenue

Cost of sales

Gross profit

Other income

Distribution costs

Administrative expenses

Other expenses

Finance costs

Share of profit of associates

Profit before tax

Income tax expense (25%)

Profit for the year from contonuing operations

Loss for the year from discontinued operations

Profit for ther year

Profit attributable to:

Owners of the parent

Minority interest

Earnings per share:

Basic and diluted

2007 2008

390.000 355.000

(245.000) (230.000)

145.000 125.000

20.667 11.300

(9.000) (8.700)

(20.000) (21.000)

(2.100) (1.200)

(8.000) (7.500)

35.100 16.667 30.100 3.000

161.667 128.000

(40.417) (32.000)

121.250 96.000

- (30.500)

121.250 65.500

97.000 52.400

24.250 13.100

121.250 65.500

0,46 0,3

Page 17: Statement of Comprehensive Income (Income Statement)

STATEMENT OF COMPREHENSIVE INCOME

Profit for the year

Other comprehensive income:

Exchange differences on translating foreign operations

AFS financial assets

Cash flow hedges

Gains on property revaluation

Accrual gains (losses) on defined benefit pension plans

Share of other comprehensive income of associates

Income tax relating to components of other comprehensive income

Other comprehensive income for the year, net of tax

Total comprehensive income for the year

Total comprehensive income attributable to:

Owners of the parent

Minority interest

2007 2006

121.250 65.500

5.334 10.667

(24.000) 26.667

(667) (4.000)

933 3.367

(667) 1.333

400 (700)

Income tax relating to components of other comprehensive income 4.667 (9.334)

(14.000) 28.000

107.250 93.500

85.800 74.800

21.450 18.700

107.250 93.500

Page 18: Statement of Comprehensive Income (Income Statement)

Event

Unusual?NoNo

Infrequent?NoNo

or

Extraordinary Items (FASB)

Apakah “extraordinary items” masih

relevan menurut IAS?

Report Gain (Loss) As

YesYes

YesYes

and

Extraordinary Item

(FASB)

Apakah “extraordinary items” masih

Page 19: Statement of Comprehensive Income (Income Statement)

Discontinued Operations occurs when,

(a) company eliminates the

results of operations and

cash flows of a component

(b) there is no significant continuing involvement in that component.

Amount reported “net of tax.”

Reporting Irregular Items

Apakah “discontinued operations”

masih relevan menurut IAS?

occurs when,

company eliminates the

results of operations and

cash flows of a component.

there is no significant continuing involvement in that component.

Amount reported “net of tax.”

Reporting Irregular Items

Apakah “discontinued operations”

Page 20: Statement of Comprehensive Income (Income Statement)

Pada tahun 2007: PT Media mencatat laba operasi berjalan (net) $55,000,000. Divisi Restauran dijual dg pretax loss $270,000, sebelumnya dari hasil operasionalpretax loss $450,000. Misal, pajak income PT Media!

Reporting Discontinued Operations

Income from continuing operations

Discontinued operations:

Loss from operations, net of $135,000 tax

Loss on disposal, net of $81,000 tax

Net income

Total loss on discontinued operations

Contoh kasus tsb, kalau disajikan menurut versi IAS sbb.:

Loss for the year from discontinued operations $504,000

Pada tahun 2007: PT Media mencatat laba operasi Divisi Restauran dijual dg

, sebelumnya dari hasil operasionalMisal, pajak 30%, siapkan sajian

Reporting Discontinued Operations

Income from continuing operations $55,000,000

Loss from operations, net of $135,000 tax 315,000

Loss on disposal, net of $81,000 tax 189,000

$54,496,000

Total loss on discontinued operations 504,000

Contoh kasus tsb, kalau disajikan menurut versi IAS sbb.:

Loss for the year from discontinued operations $504,000

Page 21: Statement of Comprehensive Income (Income Statement)

Reporting Discontinued Operations

Other revenue (expense):

Interest revenue

Interest expense

Total other

Income before taxes

Income tax expense

Income from continuing operations

Discontinued operations:

Loss from operations, net of tax

Loss on disposal, net of tax

Total loss on discontinued operations

Net income

Income Statement

Sales

Cost of goods sold

Discontinued Operations Discontinued Operations are reported after are reported after “Income from continuing “Income from continuing operations.”operations.”

Previously labeled as “Net Income”.

Moved to

Reporting Discontinued Operations

Other revenue (expense):

Interest revenue 17,000

Interest expense (21,000)

Total other (4,000)

Income before taxes 79,000

Income tax expense 24,000

Income from continuing operations 55,000

Discontinued operations:

Loss from operations, net of tax 315

Loss on disposal, net of tax 189

Total loss on discontinued operations 504

Net income 54,496$

Income Statement (in thousands)

285,000$

Cost of goods sold 149,000

Page 22: Statement of Comprehensive Income (Income Statement)

Indikator bisnis yg penting

Mengukur uang yang dihasilkan oleh tiap lembar

saham biasa

Diungkapkan dalam Statement of comprehensive

income

Earnings Per Share

Calculation

EPS =Net income - Preferred dividends

Weighted average number of shares outstanding

Indikator bisnis yg penting

Mengukur uang yang dihasilkan oleh tiap lembar

Diungkapkan dalam Statement of comprehensive

Preferred dividends

Weighted average number of shares outstanding

Page 23: Statement of Comprehensive Income (Income Statement)

Tahun 2007, PT Kirby melaporkan laba bersih Rp

Dibayarkan dividen saham preferen Rp250 juta. Rata

jumlah saham biasa yang beredar 190

nya!

Earnings Per Share

EPS =1.200.000.000 - 250.000.000

190.000.000

EPS =Net income - Preferred dividends

Weighted average number of shares outstanding

melaporkan laba bersih Rp1,2 M.

Dibayarkan dividen saham preferen Rp250 juta. Rata-rata

190 juta. Hitunglah EPS-

250.000.000= Rp5 per lb

Preferred dividends

Weighted average number of shares outstanding

Page 24: Statement of Comprehensive Income (Income Statement)

Expense

• When items of income or expense are material, an entity shall disclose their nature and amount separately

• Circumstances that would give rise to the separate disclosure of items of income and expense include:

– write-downs of inventories to net realisable

plant and equipment to recoverable amount, as well as reversals of

such write-downs;

– restructurings of the activities of an entity and reversals of any

provisions for the costs of restructuring;

– disposals of items of property, plant and equipment;

– disposals of investments;

– discontinued operations;

– litigation settlements; and

– other reversals of provisions.

When items of income or expense are material, an nature and amount

Circumstances that would give rise to the separate and expense include:

realisable value or of property,

equipment to recoverable amount, as well as reversals of

restructurings of the activities of an entity and reversals of any

for the costs of restructuring;

disposals of items of property, plant and equipment;

Page 25: Statement of Comprehensive Income (Income Statement)

Analisis Expense – Nature

• Penyajian expense sesuai sifatnya

pembelian material, biaya transportasi, biaya pensium, dan

biaya iklan). Metode ini simpel karena tdk ada alokasi biaya

ke fungsi-fungsi. Contoh sajian expense dg “nature

method” sbb.:

Nature

Penyajian expense sesuai sifatnya (misal penyusutan,

pembelian material, biaya transportasi, biaya pensium, dan

karena tdk ada alokasi biaya

fungsi. Contoh sajian expense dg “nature-expense

Page 26: Statement of Comprehensive Income (Income Statement)

Analisis Expense – Function

• Metode “function of expense” atau “

mengklasifikasikan biaya ke fungsinya sbg bagian dari biaya

penjualan, biaya distribusi, biaya administrasi. Tampaknya

ini lebih relevan bagi pengambilan keputusan para manajer.

Contoh sajiannya sbb.:

Function

” atau “cost of sales”

mengklasifikasikan biaya ke fungsinya sbg bagian dari biaya

penjualan, biaya distribusi, biaya administrasi. Tampaknya

bagi pengambilan keputusan para manajer.

Page 27: Statement of Comprehensive Income (Income Statement)

Statement of Changes in Equity

Components:

• total comprehensive income for the period

separately the total amounts attributable to owners of the

parent and to non-controlling interests;

• for each component of equity, the effects of retrospective

application or retrospective restatement

• for each component of equity, a reconciliation between the

carrying amount at the beginning and the end of the period

separately disclosing changes resulting from:– (i) profit or loss;

– (ii) each item of other comprehensive income; and

– (iii) transactions with owners in their capacity as owners, showing

separately contributions by and distributions to owners and changes

ownership interests in subsidiaries that do not result in a loss of

Statement of Changes in Equity

total comprehensive income for the period, showing

amounts attributable to owners of the

interests;

the effects of retrospective

retrospective restatement

for each component of equity, a reconciliation between the

amount at the beginning and the end of the period,

changes resulting from:

(ii) each item of other comprehensive income; and

(iii) transactions with owners in their capacity as owners, showing

separately contributions by and distributions to owners and changes in

ownership interests in subsidiaries that do not result in a loss of control.

Page 28: Statement of Comprehensive Income (Income Statement)

STATEMENT OF CHANGES IN EQUITY

Share Capital

Balance at 1 Jan. 2006 600.000

Changes in accounting policy -

Restated balance 600.000

Changes in equity for 2006:

Dividends -

Total comprehensive income -

Balance at 31 Dec. 2006 600.000

Changes in equity for 2007:

Issue of share capital 50.000 -

Dividens -

Total comprehensive income -

Transfer to R/E -

Balance at 31 Dec. 2007 650.000

Retained

Earnings

AFS Fin.

Assets

Revaluation

Surplus Total

118.100 1.600 - 719.700

400 - - 400

118.500 1.600 - 720.100

-

(10.000) - - (10.000)

53.200 16.000 1.600 70.800

161.700 17.600 1.600 780.900

-

- - 50.000

(15.000) - - (15.000)

96.600 (14.400) 800 83.000

200 - (200) -

243.500 3.200 2.200 898.900

Page 29: Statement of Comprehensive Income (Income Statement)

TugasTugas

Tersedia data 2008: pajak atas laba operasi berjalan Rp187 juta,

pajak atas rugi pelepasan operasi Rp25,5 juta, laba tidak

terealisasi atas sekuitas AFS Rp17 juta (minus pajak Rp2 juta).

Item lainnya sebagai berikut:

Extraordinary gain Rp 95 juta

Loss on discontinued operations 75 juta

Administrative expenses 240 juta

Rent revenue 40 juta

Cash dividends declared 80 juta

Diminta:

1. Sajikan pelaporan income dg metode terpisah (two

2. Sajikan Retained earnings statement

Tersedia data 2008: pajak atas laba operasi berjalan Rp187 juta,

pajak atas rugi pelepasan operasi Rp25,5 juta, laba tidak

terealisasi atas sekuitas AFS Rp17 juta (minus pajak Rp2 juta).

Rp 95 juta Retained earnings, 1 Jan. 2008 Rp 600 juta

75 juta Cogs 850 juta

240 juta Selling expenses 300 juta

40 juta Sales 1.900 juta

80 juta Shares outstanding 100.000

Sajikan pelaporan income dg metode terpisah (two-statement)

earnings statement