IFRS 18: Redefining Financial Performance Reporting

IFRS 18: Redefining Financial Performance Reporting 
 

The first significant change to companies’ presentation of financial performance in over 20 years 

IFRS 18 introduces significant changes that will directly impact how performance is reported, particularly in the presentation of the Profit and Loss statement 

IFRS 18 will bring several key changes, including: 

• Creating new structure in the statement of profit or loss by requiring companies to present two new defined subtotals  

• Disclose information about some of the non-GAAP measures in the notes to the financial statements. 

• Enhanced principles on aggregation and disaggregation, affecting the presentation and disclosure in primary financial statements and notes. 

IFRS 18, the new standard on presentation and disclosure in financial statements, will be effective for annual reporting periods beginning on or after January 1, 2027. This includes interim financial statements as well