IFRS for SMEs / Section 6: Statement of Changes in Equity and Statement of Income and Retained Earnings

Section 6: Statement of Changes in Equity and Statement of Income and Retained Earnings

Section 6 requires a reconciliation of each component of equity from the beginning to the end of the period, showing profit or loss, other comprehensive income and transactions with owners.

Disclosures to look for

6.3 For each component of equity: total comprehensive income, the effects of retrospective changes, and contributions and distributions to owners.

Third edition (2025 changes)

Dividends proposed or declared after the reporting date are disclosed (6.6).

How Sight applies it

The equity statement reads each account's taxonomy leaf for its column, shows dividends declared and adds an other-reserves column when reserves carry a balance.

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