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Agenda Paper 7
Non-IFRS information
CMAC Meeting
October 2014
Background
Background continued
Increased complexity
Regulatory guidance on non-IFRS (or non-GAAP)
financial information varies globally, causing
comparability issues
Required
information
Non-IFRS
Supplementary
information
Contradictory
information
Additional information
Supplementary Information
Contradictory information
Fair presentation
Neutral
Clear
Misleading
Undue prominence
Unclear labelling
Pro-forma information
Ratios (eg ROCE, receivables turnover ratio)
Non-financial information (sustainability reporting, information about
industry regulation)
Information labelled as unusual or infrequently occurring
Immaterial information
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Note
Before IFRS X
Revenue
12
2011
IFRS X
IFRS
50,000.00
50,000.00
Before IFRS X
IFRS X
IFRS
45,000.00
45,000.00
Cost of sales
20,000.00
9,000.00
- 11,000.00
18,000.00
8,500.00
- 9,500.00
SG&A
10,000.00
- 10,000.00
8,000.00
- 8,000.00
5,000.00 - 3,000.00
- 8,000.00
6,000.00
- 5,000.00
- 11,000.00
13,000.00
16,500.00
900.00
- 4,700.00
15,000.00
Tax Expense
Profit
21,000.00
5,000.00 - 2,100.00
- 7,100.00
10,000.00
13,900.00
3,800.00
9,200.00
11,800.00
Note
2012
Before fair value
Fair value
measurements measurements
Revenue
TOTAL
50,000.00
- 50,000.00
45,000.00
Cost of sales
20,000.00
9,000.00 - 11,000.00
18,000.00
SG&A
10,000.00
- - 10,000.00
8,000.00
5,000.00
- 3,000.00 - 8,000.00
6,000.00
15,000.00
- 21,000.00
5,000.00
- 2,100.00 - 7,100.00
10,000.00
13,900.00
Profit
2011
Fair value
measurements
3,800.00
9,200.00
TOTAL
- 45,000.00
8,500.00 9,500.00
- 8,000.00
- 5,000.00 11,000.00
13,000.00
-
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- 16,500.00
900.00 4,700.00
11,800.00
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2012
In millions of dollars
Revenue
Cost of sales
SG&A
Other operating income
Note
X
X
X
X
X
Before exceptional
items
Exceptional items
TOTAL
50,000.00
-2,000.00
48,000.00
-20,000.00
-10,000.00
-5,000.00
-1,500.00
-2,500.00
- 20,000.00
- 11,500.00
- 7,500.00
15,000.00
9,000.00
-5,000.00
10,000.00
- 5,000.00
4,000.00
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Thank you
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