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Identify the alternative performance (operating) measures

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Identify the alternative performance (operating) measures
Q: Identify the alternative performance (operating) measures presented in the statement of comprehensive income and document your conclusion with regard to the appropriateness of the various performance measures.

IAS 1 paragraph 82 states that the statement of comprehensive income shall include specific line items for the period. Paragraph 85 states that an entity shall present additional line items, heading and subtotals in the statement of comprehensive income… Paragraph 88 states that an entity shall recognize all items of income and expense in a period in profit or loss unless IFRS requires or permits otherwise. Paragraph 97 states that when items of income or expense are material, an entity shall disclose their nature and amount separately. And paragraph 99 states that an entity shall present an analysis of expenses recognized in profit or loss using a classification based on either their nature or their function within the entity. Whichever provides information that is reliable and more relevant.
Therefore, not all the alternative performance measures presented in the consolidated statement of comprehensive income are appropriate. There are some incorrect items:
1. The “share-based payments (stock option plans)” belongs to operating expense.
2. “Interest expense” and “interest income” belongs to the “other operating revenue and expenses”
3. “Restructuring costs” and “income from sale of assets” (if assents are inventories) belong to “unusual gains and losses”
4. Items of 1 to 3 should be under the category of “other revenue and expense”
5. There should be a line of “income or loss from continuing operations before tax” and “income from continuing operating”
6. “Gain on one time contractual settlement” should be under either the “extraordinary item” or “unusual item” or “special item”
7. “Dividends” is not dividends income, so this item should not be in income statement
8. “Profit or loss” should be “Net income”
9. “Retained profit or loss”

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