What is inside income statement?

• Revenue
• Expenses 
• Finance costs
• Share of profit of loss of associates and joint ventures if equity accounted
• Tax expense
• Profit or loss
• Must also segregate profit or loss from continuing and discontinued operations
• Material income and expenses must be disclosed separately via either the income statement or the notes
• The determination of whether an item is material is based on 
• The size and/or nature of the item, and 
• Whether its non-disclosure could influence users’ decision making
• Extraordinary items can no longer disclosed separately

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