Under TFRS, the statement of profit or loss can be presented together with other comprehensive income as a single statement or as two separate statements. Gross profit, operating profit, finance costs and tax expense are its main line items.
Indicators such as EBITDA used by investors and lenders are derived from this statement.
Related terms
Other comprehensive incomeItems of income and expense recognised directly in equity rather than in profit or loss.RevenueIncome arising in the course of an entity's ordinary activities.EBITDAEarnings before interest, tax, depreciation and amortisation; used as an indicator of the cash-like profitability generated by a company's core operations.Financial statementsThe set of reports presenting, in a structured way, an entity's financial position, performance and cash flows for a specific date and period.Accounting policiesThe specific principles, bases, conventions, rules and practices an entity applies in preparing its financial statements.Amortised costThe amount at which a financial asset or liability is measured at initial recognition, minus principal repayments, plus cumulative amortisation calculated using the effective interest method.
Last updated: October 22, 2026 · This definition is for general information only.