Information to be Presented either on the Face of the Statement of Financial Position, or in the Notes

An undertaking shall disclose, either on the face of the statement of financial
position, or in the notes, further subclassifications of the line items presented, classified in a manner appropriate to the operations.

The detail provided in subclassifications depends on the requirements of IFRSs and on the size, nature and function of the amounts involved.

The disclosures vary for each item, for example:
(i) items of property, plant and equipment are disaggregated into classes in accordance with IAS 16;
(ii) receivables are disaggregated into amounts receivable from:
trade customers,
receivables from related parties,
prepayments and
other amounts;
(iii) inventories are subclassified, into classifications such as:
merchandise,
production supplies,
materials,
work in progress and
finished goods;
(iv) provisions are disaggregated into provisions for staff benefits, and other items; and
(v) equity capital and reserves are disaggregated into various classes, such as:
paid-in capital,
share premium and
reserves.

An undertaking shall disclose the following, either on the face of the statement of financial position, or in the notes:
(1) for each class of share capital:
(i) the number of shares authorised;
(ii) the number of shares issued and fully paid, and issued but not fully paid;
(iii) par value per share, or that the shares have no par value;
(iv) a reconciliation of the number of shares outstanding at the beginning, and end, of the period;
(v) the rights, preferences and restrictions attaching to that class, including restrictions on the distribution of dividends, and the repayment of capital;
(vi) shares in the undertaking held by the undertaking, or by its subsidiaries, or associates; and
(vii) shares reserved for issue under options, and contracts for the sale of shares, including the terms and amounts; and
(ii) a description of the nature, and purpose, of each reserve within equity.

EXAMPLE- ‘legal’ reserves
Some jurisdictions require firms to donate 10% of annual profit to a reserve, sometimes called a legal reserve, that cannot be distributed to shareholders (except in liquidation after all creditors have been paid).

Such regulations may be of concern to investors, as this will limit dividends.

An undertaking without share capital, such as a partnership or trust, shall disclose information equivalent to that required above, showing changes during the period in each category of equity interest, and the rights, preferences, and restrictions attaching to each category of equity interest