Items to be included under equity statement

Question

What are the items to be included under equity statement as per IFRS? Do we need to show all the items included in the other comprehensive income statement in the equity also?

Answer 1

According to IAS 1, following items are included in equity.

• Share capital.
• Share premium.
• Retained earning.
• Reserves (General reserve, foreign translation reserve, revaluation reserve, share redemption reserve etc)

 The items included in the other comprehensive income are to be shown in the equity according to IAS 1.