DipIFR Syllabus B. Elements of financial statements - Separate disclosure of material items - Notes ^{8 / 15}

This is where disclosure is necessary in order to explain the performance of the entity better

The NORMAL accounting treatment is to:

• Show in the standard line in the I/S

• Disclose the nature and amount in notes

EXCEPTIONS such as these can have their own I/S line:

• Write down of inventories to net realisable value (NRV)

• Write down of property, plant and equipment to recoverable amount

• Restructuring costs

• Gains/losses on disposal of non-current assets

• Discontinued operations profits / losses

• Litigation settlements

• Reversals of provisions