1. Required Components
The Statement of Changes in Equity provides a bridge between the balance sheet at two distinct dates by showing the movements in all owners’ equity accounts. It must show:
- Total comprehensive income for the period, showing separately the total amounts attributable to owners of the parent company and to non-controlling interests (NCI).
- For each component of equity, the effects of retrospective application or retrospective restatement recognized in accordance with accounting policy updates.
- Reconciliations between the carrying amount at the beginning and the end of the period, separately disclosing changes resulting from profit/loss, OCI, and transactions with owners (such as share issuances, buybacks, and dividends paid).
2. Presentation Options
Both frameworks require this statement as a primary, standalone financial statement. Footnote formatting of equity roll-forwards is no longer compliant for public reporting.
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